Argentina's export registrations of soybeans, soybean meal and soybean oil were all above the prior year in the week ending 30 October. Total bookings for loading by the end of November were still below last year's level, and December bookings also lagged last year's pace.
Slower forward bookings for Argentine meal and beans suggest softer near-term export demand from the largest meal exporter, which is a mild bearish factor for soybean meal and beans.
After 223 past neutral trade events, SBM moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% over 20.
After 250 past neutral trade events, SOY moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% 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.