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Argentina halted registration of export sales of soybean oil and meal, stopping sales and exports of the 2021/22 crop. The world's top exporter of both products has not yet started physical shipments because harvesting has not begun.
Argentina supplies a large share of global soymeal and oil, so the halt tightens world supply and supports soymeal and soyoil prices, with possible spillover to vegetable oils and feed substitutes.
reuters.comJorge IorioMar 14, 2022
thepoultrysite.comMelanie EppMar 14, 2022After 356 past bullish policy events, SOY moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% over 20.
After 547 past bullish policy events, PALMOIL moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% over 20.
After 172 past bullish policy events, SBM moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +1.7%), and -0.8% over 20.
After 841 past bullish policy events, SBO moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), 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.
