# Brazil soybean meal, oil premiums drop below Argentina | S&P Global

> 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.

- Date: 2022-10-26 · published 2022-10-26T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/39192-brazil-soybean-meal-oil-premiums-drop-below-argentina-s-and-p-global
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Read by commodity

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

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/102622-brazil-soybean-meal-oil-premiums-drop-below-argentina

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