# Soybean Crush Product Prices Switch Again

> Iowa Farm Bureau reports that Argentina's drought has flipped soybean oil and soybean meal relative values again, with meal prices rising while soybean oil has weakened over recent months. Argentina reportedly imports Brazilian soybeans to keep its crushers running. Palm and canola oil are cheaper substitutes for soybean oil in world markets.

- Date: 2023-03-01 · published 2023-03-01T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/37367-soybean-crush-product-prices-switch-again
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Tighter Argentine meal supply supports soybean meal prices, which matter most to feed costs, while weaker soybean oil pressures crush margins. Buyers should expect meal to stay firm relative to oil.

## Read by commodity

- SBM: bullish ▲
- SBO: bearish ▼
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2022-07-27 | [Soybeans, soybean products extend gains - Brownfield Ag News](https://feedsoft.ai/events/40517-soybeans-soybean-products-extend-gains-brownfield-ag-news.md) | +3.1% | -0.7% |
| 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 | 2023-03-21 | [Argentine Soybean Crushers in “Crisis Mode”](https://feedsoft.ai/events/13977-argentine-soybean-crushers-in-crisis-mode.md) | -3.5% | -0.5% |
| SBM | 2016-04-19 | [South America weather, politics push soybean prices higher \| Farm Progress](https://feedsoft.ai/events/10298-south-america-weather-politics-push-soybean-prices-higher-farm-progress.md) | +8.0% | +23.3% |
| SBM | 2023-05-15 | [Summer Soybean Meal Prices Resist New Lows](https://feedsoft.ai/events/36011-summer-soybean-meal-prices-resist-new-lows.md) | -3.2% | -6.3% |
| SBO | 2023-05-15 | [Summer Soybean Meal Prices Resist New Lows](https://feedsoft.ai/events/36011-summer-soybean-meal-prices-resist-new-lows.md) | -8.0% | +0.0% |
| SBO | 2016-04-20 | [Soybeans surge again - Brownfield Ag News](https://feedsoft.ai/events/7723-soybeans-surge-again-brownfield-ag-news.md) | -2.4% | -5.8% |
| SBO | 2024-07-31 | [Falling soybean oil prices weigh on other vegetable oil markets](https://feedsoft.ai/events/29357-falling-soybean-oil-prices-weigh-on-other-vegetable-oil-markets.md) | -1.9% | -2.3% |

## Sources

- iowafarmbureau.com: https://www.iowafarmbureau.com/Article/Soybean-Crush-Product-Prices-Switch-Again

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