
Indian soymeal is being offered at about $580-585 per tonne FOB for March shipments, versus $598 for Argentine supply, according to exporters. Bangladesh, Vietnam and Nepal are buying Indian meal because it is cheaper and freight is lower.
Argentina's drought-cut output has lifted South American meal prices and opened a price gap that pulls demand toward Indian exports. This supports soymeal prices while Argentine supply stays tight.
After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% over 20.
After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% 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.