Loading…
Conab projects Brazil's soymeal exports to reach 21.82 million tonnes, making it the world's leading supplier. Argentina's oilseed production is forecast to fall about 50% from the prior year, its worst since 1999/00.
A roughly halved Argentine crush removes a major share of world meal supply, which tightens global soymeal markets and supports prices even as Brazil fills part of the gap.
datamarnews.comGabriel MalheirosAug 23, 2023After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
