
Argentina's agro-export complex shipped 69 million tonnes of grains, byproducts and vegetable oils between January and July 2026, the highest volume for that period on record. The result was driven by a record corn crop of about 64 million tonnes and soybean output of 50.1 million tonnes.
Strong Argentine corn and soybean meal/oil export flows add supply to global markets, which is bearish for corn and soymeal prices. Robust crushing in Rosario also supports meal availability for feed buyers.
After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.
After 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.
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.