
CIARA-CEC data show Argentina's agro foreign-exchange receipts for the first seven months of the year reached $16.27 billion, down 17% year on year. Meanwhile, June soybean oil exports hit 668,000 tonnes, a record for that month, and sunflower oil exports reached 228,000 tonnes, also a June record.
Record crushing keeps soymeal supply heavy for feed buyers, which pressures meal prices, while strong soyoil export demand supports oil values. The mix points to ample meal and firm oil.
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 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% 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.