# Brazil to surpass Argentina in global soybean meal exports in 2023 - DatamarNews

> USDA forecasts Brazil will export 21.5 million tonnes of soybean meal in 2023, up 6%, and become the world's largest meal exporter ahead of Argentina. Argentina's meal exports are forecast to fall 20% after drought cut its crop, with crush forecast at 21.4 million tonnes from 30 million.

- Date: 2023-07-18 · published 2023-07-18T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/35116-brazil-to-surpass-argentina-in-global-soybean-meal-exports-in-2023-datamarnews
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Argentina's drought-driven drop removes meal supply from the world market, while Brazil's larger exports offset part of it. Net, meal supply is steady to slightly firmer for importers.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2022-12-14 | [Concerns over Argentine soybean crop raises meal prices in Brazil - DatamarNews](https://feedsoft.ai/events/38321-concerns-over-argentine-soybean-crop-raises-meal-prices-in-brazil-datamarnews.md) | +0.4% | +11.5% |
| SBM | 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) | +3.2% | +1.1% |
| SBM | 2018-01-22 | [The price of soybean meal is increasing due to the reduction in exports from Argentina](https://feedsoft.ai/events/12098-the-price-of-soybean-meal-is-increasing-due-to-the-reduction-in-exports-from.md) | +1.2% | +12.6% |
| SBM | 2023-01-10 | [Soybean derivatives supply under pressure as Argentina, Brazil face headwinds - DatamarNews](https://feedsoft.ai/events/37864-soybean-derivatives-supply-under-pressure-as-argentina-brazil-face-headwinds.md) | +2.5% | -1.8% |
| SBM | 2023-04-04 | [Argentina to lose soy meal export crown to Brazil as drought bites \| Financial Post](https://feedsoft.ai/events/36484-argentina-to-lose-soy-meal-export-crown-to-brazil-as-drought-bites-financial.md) | -1.4% | -6.7% |
| SOY | 2022-12-14 | [Concerns over Argentine soybean crop raises meal prices in Brazil - DatamarNews](https://feedsoft.ai/events/38321-concerns-over-argentine-soybean-crop-raises-meal-prices-in-brazil-datamarnews.md) | -0.1% | +3.4% |
| SOY | 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) | +3.9% | +4.5% |
| SOY | 2018-01-22 | [The price of soybean meal is increasing due to the reduction in exports from Argentina](https://feedsoft.ai/events/12098-the-price-of-soybean-meal-is-increasing-due-to-the-reduction-in-exports-from.md) | +0.8% | +4.5% |

## Sources

- datamarnews.com: https://datamarnews.com/noticias/brazil-to-surpass-argentina-in-global-soybean-meal-exports-in-2023/

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