# New-Crop Soybean Meal Prices Anticipating Larger Argentine Harvest in 2024

> DTN reports that cash and futures soybean meal prices were volatile in 2023 and expects prices to ease in 2024. Argentina is on track for a larger soybean crop after favorable El Niño-linked rains.

- Date: 2024-01-05 · published 2024-01-05T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/32215-new-crop-soybean-meal-prices-anticipating-larger-argentine-harvest-in-2024
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A larger Argentine crop should boost meal export supplies and pull down meal prices, which is good news for pork and poultry feed costs.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2024-11-28 | [New soybean crop planting crop advances and already exceeds 80% in Brazil](https://feedsoft.ai/events/13535-new-soybean-crop-planting-crop-advances-and-already-exceeds-80-in-brazil.md) | -1.3% | +2.2% |
| SBM | 2025-06-13 | [Argentina's Soybean Harvest Exceeds Forecast by 300,000 Tonnes; and other news about agribusiness in Latin America](https://feedsoft.ai/events/13852-argentina-s-soybean-harvest-exceeds-forecast-by-300-000-tonnes-and-other-news.md) | -3.4% | -9.4% |
| SBM | 2023-04-01 | [Record in Brazil, Drop in Argentina: Contrasting Soybean Harvests in South America - farmdoc daily](https://feedsoft.ai/events/13656-record-in-brazil-drop-in-argentina-contrasting-soybean-harvests-in-south.md) | -2.6% | -5.8% |
| SBM | 2019-04-11 | [Bumper harvest of soybeans and corn expected in Argentina, says Rosario grains exchange — MercoPress](https://feedsoft.ai/events/59433-bumper-harvest-of-soybeans-and-corn-expected-in-argentina-says-rosario-grains.md) | -2.0% | -8.0% |
| SBM | 2023-01-18 | [Rain potential in Argentina sends corn, soybeans lower - Brownfield Ag News](https://feedsoft.ai/events/10661-rain-potential-in-argentina-sends-corn-soybeans-lower-brownfield-ag-news.md) | -3.9% | +3.0% |
| SOY | 2023-05-15 | [Summer Soybean Meal Prices Resist New Lows](https://feedsoft.ai/events/36011-summer-soybean-meal-prices-resist-new-lows.md) | -8.9% | -4.3% |
| SOY | 2024-03-25 | [Argentina soybean harvest accelerates on dryer weather \| Latest Market News](https://feedsoft.ai/events/13934-argentina-soybean-harvest-accelerates-on-dryer-weather-latest-market-news.md) | -0.6% | -2.6% |
| SOY | 2024-11-28 | [New soybean crop planting crop advances and already exceeds 80% in Brazil](https://feedsoft.ai/events/13535-new-soybean-crop-planting-crop-advances-and-already-exceeds-80-in-brazil.md) | +0.5% | -0.9% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2024/01/05/new-crop-soybean-meal-prices-larger

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.