Argentina exported 1.1 million tonnes of wheat and 177,000 tonnes of sunflower oil in September, the highest September volumes on record for both. Soybean crushing fell 6.1% from August to 3.997 million tonnes, while sunflower crushing also declined month on month but was the highest for September since 2021.
Record wheat exports indicate strong Argentine export availability and could weigh on competing suppliers’ prices. Lower soybean crushing may tighten meal and oil output, although the article gives no specific export volumes for those products.
After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% 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.