Argentina remains the leading soybean meal and oil exporter, but drought, crushing strikes and tight crush margins have cut supply. Exporters still posted year-on-year export growth in eight of the last ten months, helped by a recovered crush margin and competitively priced feed products.
Lower Argentine crushing and export volumes tighten global soymeal and soyoil supply, which supports meal and oil prices for feed buyers.
After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% over 20.
After 224 past bullish trade events, Soybean Oil moved a median +0.4% over 5 sessions (54% higher; middle half -1.5% to +2.1%), and -0.5% over 20.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.