
Ciara-CEC projects Argentina's oilseed crush rate could fall to 56% by the end of 2021/22, down from 62% the prior cycle and among the lowest in a decade. The industry is processing soybeans at negative margins as Argentina's production and share of world trade decline.
Reduced crushing in Argentina cuts meal and oil output, supporting soymeal and soyoil prices for feed and oil markets.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.
After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% 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.