# Meal Market Takes Priority | Red River Farm Network

> NDSU crops marketing economist Frayne Olson says Argentina's soybean crop draws attention, but the meal market matters more because Argentina is mainly a processor that exports little whole soybean. He expects drought-related price effects to be larger on soymeal and soyoil.

- Date: 2023-01-21 · published 2023-01-21T12:00:00.000Z
- Category: weather · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/37867-meal-market-takes-priority-red-river-farm-network
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Argentine drought losses hit crush capacity and meal export availability more than bean exports, so the price impact falls mainly on soymeal and soyoil.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2022-03-13 | [Argentina Tries to Hold Onto Soybean Supplies \| Red River Farm Network](https://feedsoft.ai/events/14045-argentina-tries-to-hold-onto-soybean-supplies-red-river-farm-network.md) | -1.7% | -4.7% |
| SBM | 2022-01-26 | [Growing Concerns About the South American Crop \| Red River Farm Network](https://feedsoft.ai/events/43185-growing-concerns-about-the-south-american-crop-red-river-farm-network.md) | +9.9% | +13.9% |
| SBM | 2016-04-22 | [Farming News - Oilseed Market Report: Prices rise on weather concerns](https://feedsoft.ai/events/10300-farming-news-oilseed-market-report-prices-rise-on-weather-concerns.md) | +1.7% | +16.3% |
| SBM | 2026-02-23 | [Market Snapshot \| Soyoil forges fresh near-term highs - Pro Farmer](https://feedsoft.ai/events/5502-market-snapshot-soyoil-forges-fresh-near-term-highs-pro-farmer.md) | +3.4% | +6.9% |
| SBM | 2020-10-08 | [Poultry feed prices hit five-year high - Poultry Network](https://feedsoft.ai/events/50750-poultry-feed-prices-hit-five-year-high-poultry-network.md) | -0.7% | +6.8% |
| SBO | 2022-03-13 | [Argentina Tries to Hold Onto Soybean Supplies \| Red River Farm Network](https://feedsoft.ai/events/14045-argentina-tries-to-hold-onto-soybean-supplies-red-river-farm-network.md) | -9.8% | +240.8% |
| SBO | 2026-02-23 | [Market Snapshot \| Soyoil forges fresh near-term highs - Pro Farmer](https://feedsoft.ai/events/5502-market-snapshot-soyoil-forges-fresh-near-term-highs-pro-farmer.md) | +3.2% | +1.1% |
| SBO | 2024-10-21 | [Market Snapshot \| October 21, 2024 - Pro Farmer](https://feedsoft.ai/events/11151-market-snapshot-october-21-2024-pro-farmer.md) | +5.1% | +13.4% |

## Sources

- rrfn.com: https://www.rrfn.com/2023/01/21/meal-market-takes-priority/

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