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Brazil is set to sharply increase soybean oil and soybean meal exports this year, with some observers expecting gains of up to 30% year on year. The shift reflects expanded soybean plantings and comes as Argentina's slow crush pace tightens its soy oil availability.
Larger Brazilian export supply of soy oil and meal could help fill the gap left by slower Argentine crushing, which would limit upward pressure on world vegetable oil and meal prices.
fastmarkets.comLiliana Minton, Marcela CaetanoSep 5, 2022After 81 past neutral trade events, Soybean Oil moved a median +0.3% over 5 sessions (56% higher; middle half -1.6% to +1.8%), and +0.9% over 20.
After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% 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.
