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Argentina's Rosario grains exchange projects 2022/23 soybean imports of 7.9 million tonnes, up 139% from the prior season, after drought cut the harvest to 27 million tonnes from 42.2 million. Argentine crushers are operating at record low capacity, and corn export value remained high despite lower volumes.
Argentina's crush collapse and reliance on imports reduce its meal and oil exports, tightening availability and supporting soymeal prices for feed buyers.
datamarnews.comGabriel MalheirosMar 24, 2023After 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% over 20.
After 184 past bullish weather events, Soybean Oil moved a median +0.3% over 5 sessions (53% higher; middle half -1.9% to +2.4%), and -0.5% over 20.
After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% 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.
