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Platts assessed the FOB Paranagua soybean meal basis for December loading at a $16/short ton premium. The discount for Brazilian meal against Argentine product is the widest since January 21.
A wider discount to Argentine meal makes Brazilian product more competitive in export markets, which can pressure Argentine and global meal prices. Buyers may benefit from cheaper Brazilian supply.
Not enough comparable past events yet for a historical read.
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.