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Argentine soymeal, which normally trades at a discount to Brazilian meal, has moved to parity with Brazilian FOB prices since September because of the upcoming EU Deforestation Regulation. In the second half of October, a bearish move hit Brazilian FOB much harder than Argentine FOB, opening a gap of more than 4%.
Argentine meal is gaining relative demand from EU buyers who need traceable supply, which supports its FOB price against Brazil. The unusual gap points to a shift in export competition ahead of the regulation's start on 1 January 2027.
bichosdecampo.comNicolas RazzettiNov 2, 2026After 206 past neutral policy events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.3% to +1.8%), and -0.7% 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.
