Loading…
Brazilian FOB basis levels for soybean meal and soybean oil dropped below Argentina's for the first time since August 24, according to Platts data. Argentina's September soybean crush fell 8.7% month on month and 22.4% year on year amid low margins and heavy farmer selling.
Brazil now trading at a discount to Argentina for meal and oil flips the usual export competition and supports Argentine basis, while tight Argentine crush keeps meal and oil supply uncertain for feed buyers.
spglobal.comJose Roberto GomesOct 26, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
