# ADM sees ‘fluid situation’ surrounding Argentine soybean meal  | World-grain.com | November 04, 2016 12:00 | World Grain

> ADM's chairman said on a November 2 call that Argentina's delayed soybean export tax cut and new northern-province incentives create a fluid situation. ADM also reported that Argentine meal was more competitive during the quarter, which hurt its oilseeds results.

- Date: 2016-11-04 · published 2016-11-04T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/73928-adm-sees-fluid-situation-surrounding-argentine-soybean-meal-world-grain-com
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Argentine export taxes and meal competitiveness affect world meal supply and pricing against US product. Cheaper Argentine meal would pressure SBM prices, and any change in Argentine planting would affect future soybean supply.

## Read by commodity

- SBM: bearish ▼
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2017-11-28 | [Soybean meal: lower export duties in Argentina](https://feedsoft.ai/events/67812-soybean-meal-lower-export-duties-in-argentina.md) | +2.5% | -3.6% |
| SBM | 2021-02-11 | [Argentina decides not to increase grain export taxes \| 2021-02-11  \| World Grain](https://feedsoft.ai/events/48460-argentina-decides-not-to-increase-grain-export-taxes-2021-02-11-world-grain.md) | +1.5% | -4.1% |
| SBM | 2021-04-21 | [China Seeking Alternatives to Corn and Soybean Meal \| Red River Farm Network](https://feedsoft.ai/events/47709-china-seeking-alternatives-to-corn-and-soybean-meal-red-river-farm-network.md) | +3.5% | +0.1% |
| SBM | 2020-08-18 | [Argentina Mulls Cutting Export Tax for Soy Meal: Industry Group](https://feedsoft.ai/events/51434-argentina-mulls-cutting-export-tax-for-soy-meal-industry-group.md) | -3.1% | +5.4% |
| SBM | 2022-09-22 | [China to Cut Soybean Meal in Livestock Feed \| Feed & Grain](https://feedsoft.ai/events/39574-china-to-cut-soybean-meal-in-livestock-feed-feed-and-grain.md) | -6.3% | -9.1% |
| SOY | 2022-02-23 | [Argentinean farm group wants grain export tax gone \| World Grain](https://feedsoft.ai/events/14051-argentinean-farm-group-wants-grain-export-tax-gone-world-grain.md) | +4.3% | +3.8% |
| SOY | 2026-09-23 | [Why are soybean oil futures stuck in neutral? \| World Grain](https://feedsoft.ai/events/17542-why-are-soybean-oil-futures-stuck-in-neutral-world-grain.md) | -2.1% | -5.8% |
| SOY | 2020-01-09 | [Higher export taxes impacting Argentina farmers \| 2020-01-09  \| World Grain](https://feedsoft.ai/events/54928-higher-export-taxes-impacting-argentina-farmers-2020-01-09-world-grain.md) | -1.0% | -6.1% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/7288-adm-sees-fluid-situation-surrounding-argentine-soybean-meal

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.