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

> S&P Global forecasts Argentina and Brazil combined soybean crush to rise 15.3% to 92.1 million tonnes in 2024. The increase is driven by Argentina's crop recovery after the 2023 drought and a higher Brazilian biodiesel mandate.

- Date: 2024-01-04 · published 2024-01-04T12:00:00.000Z
- Category: weather · region Latin America · magnitude medium
- Page: https://feedsoft.ai/events/32217-latin-american-soy-crush-to-rise-in-2024-on-crop-recovery-higher-biodiesel
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Higher crush adds meal supply and lifts soyoil output, which typically pressures meal prices while supporting oil demand from biodiesel.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2024-01-29 | [U.S. grains: Soy hits 2-yr lows on South American crop prospects, demand worries - Manitoba Co-operator](https://feedsoft.ai/events/6842-u-s-grains-soy-hits-2-yr-lows-on-south-american-crop-prospects-demand-worries.md) | +1.7% | -5.1% |
| SBM | 2024-01-05 | [New-Crop Soybean Meal Prices Anticipating Larger Argentine Harvest in 2024](https://feedsoft.ai/events/32215-new-crop-soybean-meal-prices-anticipating-larger-argentine-harvest-in-2024.md) | -4.6% | -4.6% |
| SBM | 2019-12-19 | [U.S. grains: Soy futures ease on rains in South American forecasts - Grainews](https://feedsoft.ai/events/55628-u-s-grains-soy-futures-ease-on-rains-in-south-american-forecasts-grainews.md) | -1.1% | -0.8% |
| 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 | 2017-02-07 | [Markets waiting for certainty on South American summer crop - Grain Central](https://feedsoft.ai/events/72338-markets-waiting-for-certainty-on-south-american-summer-crop-grain-central.md) | +3.1% | -1.8% |
| SBO | 2017-07-11 | [European biodiesel prices rise in line with higher rapeseed oil  : The Daily Digest](https://feedsoft.ai/events/70057-european-biodiesel-prices-rise-in-line-with-higher-rapeseed-oil-the-daily-digest.md) | -1.8% | -0.3% |
| SBO | 2023-01-04 | [Argentina's soy, corn may hinge on La Nina's exit after dry 2022 \| Reuters](https://feedsoft.ai/events/13988-argentina-s-soy-corn-may-hinge-on-la-nina-s-exit-after-dry-2022-reuters.md) | +1.2% | -3.7% |
| SBO | 2023-03-24 | [Argentina exchange sees 2022/23 soy imports up 139% due to drought - DatamarNews](https://feedsoft.ai/events/36892-argentina-exchange-sees-2022-23-soy-imports-up-139-due-to-drought-datamarnews.md) | -0.6% | -2.6% |

## Sources

- datamarnews.com: https://datamarnews.com/noticias/latin-american-soy-crush-to-rise-in-2024-on-crop-recovery-higher-biodiesel-mandate/

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