# Commodities 2023: Soybean derivatives supply under pressure as Argentina, Brazil face headwinds

> Argentina's soybean planting is running behind last year because of weather, and Argentina and Brazil together supply more than half the world's soymeal and soyoil. Brazil is preparing to raise its biodiesel blending mandate. Traders expect weak near-term demand from major buyers.

- Date: 2023-01-04 · published 2023-01-04T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/8622-commodities-2023-soybean-derivatives-supply-under-pressure-as-argentina-brazil
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Weather-related planting delays and a possible Brazilian biodiesel mandate increase could squeeze global meal and oil supplies. That would support soymeal and soyoil prices.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-01-10 | [Soybean derivatives supply under pressure as Argentina, Brazil face headwinds - DatamarNews](https://feedsoft.ai/events/37864-soybean-derivatives-supply-under-pressure-as-argentina-brazil-face-headwinds.md) | +2.4% | +0.8% |
| SOY | 2023-05-08 | [Argentina’s soybean crushers likely to face headwinds until next harvest: Bunge](https://feedsoft.ai/events/13966-argentina-s-soybean-crushers-likely-to-face-headwinds-until-next-harvest-bunge.md) | -2.3% | -8.1% |
| SOY | 2023-06-21 | [Soybean Argentina 2023: A Comprehensive Analysis](https://feedsoft.ai/events/13965-soybean-argentina-2023-a-comprehensive-analysis.md) | +1.2% | +1.0% |
| SOY | 2023-07-18 | [Brazil to surpass Argentina in global soybean meal exports in 2023 - DatamarNews](https://feedsoft.ai/events/35116-brazil-to-surpass-argentina-in-global-soybean-meal-exports-in-2023-datamarnews.md) | +2.6% | -6.3% |
| SOY | 2022-03-13 | [Argentina Tries to Hold Onto Soybean Supplies \| Red River Farm Network](https://feedsoft.ai/events/14045-argentina-tries-to-hold-onto-soybean-supplies-red-river-farm-network.md) | -1.3% | -0.1% |
| SBM | 2023-01-10 | [Soybean derivatives supply under pressure as Argentina, Brazil face headwinds - DatamarNews](https://feedsoft.ai/events/37864-soybean-derivatives-supply-under-pressure-as-argentina-brazil-face-headwinds.md) | +2.5% | -1.8% |
| SBM | 2023-05-08 | [Argentina’s soybean crushers likely to face headwinds until next harvest: Bunge](https://feedsoft.ai/events/13966-argentina-s-soybean-crushers-likely-to-face-headwinds-until-next-harvest-bunge.md) | -0.8% | -7.1% |
| SBM | 2023-07-18 | [Brazil to surpass Argentina in global soybean meal exports in 2023 - DatamarNews](https://feedsoft.ai/events/35116-brazil-to-surpass-argentina-in-global-soybean-meal-exports-in-2023-datamarnews.md) | +2.6% | +5.3% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/010423-soybean-derivatives-supply-under-pressure-in-2023-as-argentina-brazil-face-headwinds
- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/010423-soybean-derivatives-supply-under-pressure-in-2023-as-argentina-brazil-face-headwinds

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.