# Soy complex contends with divergent market scenarios - McKeany-Flavell

> July 2022 soymeal futures rose $23 per short ton to close at $438.10 in the week ending June 17, while soybean oil fell nearly 6 cents to $0.7379 per pound. U.S. soybean planting reached 88% by June 12, roughly in line with the five-year average, though North Dakota and South Dakota emergence lagged. Argentina will raise its biodiesel blend from 5% to 12% for 60 days before settling at 7.5%.

- Date: 2022-06-20 · published 2022-06-20T12:00:00.000Z
- Category: policy · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/41023-soy-complex-contends-with-divergent-market-scenarios-mckeany-flavell
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Argentina's temporary biodiesel blend increase supports domestic soyoil demand and reduces export availability of oil, which can tighten meal-oil balance and firm soymeal values.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2022-06-20 | 1 | -4.7% | -3.9 | Soybean oil already fell nearly 6 cents in the prior week, showing the selling momentum that continued into June 20. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2021-12-13 | [WASDE, EPA biofuel news drive soybean market - McKeany-Flavell](https://feedsoft.ai/events/9258-wasde-epa-biofuel-news-drive-soybean-market-mckeany-flavell.md) | +1.5% | +14.6% |
| SBM | 2020-06-10 | [Argentina stirs up giant soy market with state takeover](https://feedsoft.ai/events/52447-argentina-stirs-up-giant-soy-market-with-state-takeover.md) | +0.3% | +1.6% |
| SBM | 2019-08-31 | [Argentina cenbank tightens FX market access](https://feedsoft.ai/events/57875-argentina-cenbank-tightens-fx-market-access.md) | -0.3% | +2.3% |
| SBM | 2021-04-26 | [Argentina's central bank blocks bankrupt soy giant from exchange markets \| Financial Post](https://feedsoft.ai/events/47433-argentina-s-central-bank-blocks-bankrupt-soy-giant-from-exchange-markets.md) | +1.2% | -4.4% |
| SBM | 2025-01-21 | [Daily Market Wire 24 January 2025 - Grain Central](https://feedsoft.ai/events/6892-daily-market-wire-24-january-2025-grain-central.md) | +0.9% | -0.7% |
| SBO | 2021-12-13 | [WASDE, EPA biofuel news drive soybean market - McKeany-Flavell](https://feedsoft.ai/events/9258-wasde-epa-biofuel-news-drive-soybean-market-mckeany-flavell.md) | +0.9% | +5.0% |
| SBO | 2020-06-10 | [Argentina stirs up giant soy market with state takeover](https://feedsoft.ai/events/52447-argentina-stirs-up-giant-soy-market-with-state-takeover.md) | -0.9% | +0.8% |
| SBO | 2019-03-06 | [768 million pounds of soybean oil went to biodiesel in December - McKeany-Flavell](https://feedsoft.ai/events/60179-768-million-pounds-of-soybean-oil-went-to-biodiesel-in-december-mckeany-flavell.md) | +0.2% | -2.6% |

## Sources

- mckeany-flavell.com: https://www.mckeany-flavell.com/soy-complex-contends-with-divergent-market-scenarios-06-20-22/

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