Latin American soy crush to rise in 2024 on crop recovery, higher biodiesel mandate

After 118 past bearish weather events, Soybean Meal moved a median -0.8% over 5 sessions (35% higher; middle half -3.2% to +0.4%), and -1.6% over 20.

• Jan 29, 2024U.S. grains: Soy hits 2-yr lows on South American crop prospects, demand worries - Manitoba Co-operator+1.7%
• Jan 5, 2024New-Crop Soybean Meal Prices Anticipating Larger Argentine Harvest in 2024-4.6%
• Dec 19, 2019U.S. grains: Soy futures ease on rains in South American forecasts - Grainews-1.1%
• Jun 13, 2025Argentina's Soybean Harvest Exceeds Forecast by 300,000 Tonnes; and other news about agribusiness in Latin America-3.4%
• Feb 7, 2017Markets waiting for certainty on South American summer crop - Grain Central+3.1%

After 184 past bullish weather events, Soybean Oil moved a median +0.3% over 5 sessions (53% higher; middle half -1.9% to +2.4%), and -0.5% over 20.

• Jul 11, 2017European biodiesel prices rise in line with higher rapeseed oil : The Daily Digest-1.8%
• Jan 4, 2023Argentina's soy, corn may hinge on La Nina's exit after dry 2022 | Reuters+1.2%
• Mar 24, 2023Argentina exchange sees 2022/23 soy imports up 139% due to drought - DatamarNews-0.6%
• Jan 23, 2024Argentina’s soy crush hit 19-year low in 2023 - Buenos Aires Herald-5.7%
• Aug 23, 2021Crop sowing lags in India on scanty rains, raises concerns over yields | Economy & Policy News - Business Standard+2.7%