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S&P Global Platts launched daily physical price assessments for soybean oil and soybean meal exports from Argentina, effective September 3, 2019. The soybean oil benchmark covers 1,000 mt parcels loading Up River on the Paraná.
Argentina accounts for about 46% of global soybean oil exports and 44% of meal exports.
The new benchmarks improve price transparency for Argentine oilseed products, which supply a large share of world soymeal and soyoil trade. They do not by themselves change supply or demand.
spglobal.comSep 3, 2019After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% over 20.
After 114 past neutral report events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.7% to +1.4%), 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.
