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The Bolsa de Comercio de Rosario estimates Argentina's soybean complex exports at about US$18,050 million in 2018/19. The estimate follows a drought that cut production by about 20 million tonnes and reduced crushing and meal and oil exports last season.
Projected export value depends on crush volumes and the US-China trade outcome, which determine how much Argentine meal and oil reach world markets and affect SBM and SBO pricing.
bcr.com.arJan 8, 2019After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
After 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.
