# Brazil to lead soymeal exports as Argentina's production slumps - DatamarNews

> 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.

- Date: 2023-08-23 · published 2023-08-23T12:00:00.000Z
- Category: trade · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/34666-brazil-to-lead-soymeal-exports-as-argentina-s-production-slumps-datamarnews
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

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.

## Read by commodity

- SBM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2023-02-15 | [India's soymeal exports to soar as drought trims Argentine supply](https://feedsoft.ai/events/37414-india-s-soymeal-exports-to-soar-as-drought-trims-argentine-supply.md) | -0.8% | -2.3% |
| SBM | 2019-03-11 | [Argentine soymeal factories take the brunt of trade war and taxes - DatamarNews](https://feedsoft.ai/events/60157-argentine-soymeal-factories-take-the-brunt-of-trade-war-and-taxes-datamarnews.md) | +3.9% | +3.0% |
| SBM | 2019-08-16 | [China boosts Brazil soy imports as Argentina hoards crops \| Buenos Aires Times](https://feedsoft.ai/events/57429-china-boosts-brazil-soy-imports-as-argentina-hoards-crops-buenos-aires-times.md) | +0.7% | +2.2% |
| SBM | 2022-08-02 | [Argentina exports $3.2 bn in farm products - Markets - Business Recorder](https://feedsoft.ai/events/14013-argentina-exports-3-2-bn-in-farm-products-markets-business-recorder.md) | +1.9% | -2.0% |
| SBM | 2023-11-09 | [Soymeal exports likely to pick up soon as global prices rally: Report \| News - Business Standard](https://feedsoft.ai/events/33242-soymeal-exports-likely-to-pick-up-soon-as-global-prices-rally-report-news.md) | +4.0% | -4.8% |

## Sources

- datamarnews.com: https://datamarnews.com/noticias/brazil-to-lead-soymeal-exports-as-argentinas-production-slumps/

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