# Argentina to lose soy meal export crown to Brazil as drought bites | Financial Post

> Argentina is expected to lose its position as the world's top soymeal exporter to Brazil this season, according to the Rosario exchange (BCR). Argentine soymeal output is forecast to fall 36% to 27 million tonnes after historic drought, the lowest since the late 1990s.

- Date: 2023-04-04 · published 2023-04-04T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/36484-argentina-to-lose-soy-meal-export-crown-to-brazil-as-drought-bites-financial
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A sharp drop in Argentine meal exports tightens global protein meal supply, supporting soymeal prices and raising costs for feed buyers who must source from Brazil and other origins.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2023-02-14 | [Soybean Meal Futures Rise On Argentina Drought](https://feedsoft.ai/events/37454-soybean-meal-futures-rise-on-argentina-drought.md) | -2.3% | -2.7% |
| SBM | 2023-07-18 | [Brazil to surpass Argentina in global soybean meal exports in 2023 - DatamarNews](https://feedsoft.ai/events/35116-brazil-to-surpass-argentina-in-global-soybean-meal-exports-in-2023-datamarnews.md) | +2.6% | +5.3% |
| SBM | 2026-02-13 | [Argentina's drought continues to hit corn, soy \| Latest Market News](https://feedsoft.ai/events/13809-argentina-s-drought-continues-to-hit-corn-soy-latest-market-news.md) | -0.0% | +6.9% |
| SBM | 2025-01-16 | [EU soybean meal prices rise as Argentina's drought impacts production](https://feedsoft.ai/events/26587-eu-soybean-meal-prices-rise-as-argentina-s-drought-impacts-production.md) | +3.5% | -2.5% |
| SBM | 2020-03-31 | [Ongoing drought in Brazil, Argentina threatens crucial crop harvests - UPI.com](https://feedsoft.ai/events/53981-ongoing-drought-in-brazil-argentina-threatens-crucial-crop-harvests-upi-com.md) | -8.8% | -13.4% |
| SOY | 2022-12-30 | [Soybeans set to gain for 4th year amid Argentina drought, China demand \| Financial Post](https://feedsoft.ai/events/38279-soybeans-set-to-gain-for-4th-year-amid-argentina-drought-china-demand-financial.md) | -0.5% | +1.8% |
| SOY | 2023-02-14 | [Soybean Meal Futures Rise On Argentina Drought](https://feedsoft.ai/events/37454-soybean-meal-futures-rise-on-argentina-drought.md) | +0.4% | -2.8% |
| SOY | 2023-07-18 | [Brazil to surpass Argentina in global soybean meal exports in 2023 - DatamarNews](https://feedsoft.ai/events/35116-brazil-to-surpass-argentina-in-global-soybean-meal-exports-in-2023-datamarnews.md) | +2.6% | -6.3% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/argentina-to-lose-soy-meal-export-crown-to-brazil-as-drought-bites

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