
Analysts cite a Rosario Stock Exchange report showing that inflation-adjusted Chicago soymeal prices match levels from 26 years ago. Higher US and Brazilian biodiesel crushing has produced surplus meal that is pressuring prices lower.
Argentine crushing plants are reported to be idle amid a lack of regulation.
Surplus meal from biodiesel crushing weighs on global soymeal prices, giving feed buyers cheaper protein supply while Argentine export capacity is reduced.
After 223 past bearish policy events, SBM moved a median -0.3% over 5 sessions (45% higher; middle half -2.2% to +1.2%), and -0.6% 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.