Abiove said Argentina's late-July export tax cut narrowed the tax gap between processed soy products and raw beans, slightly reducing the competitiveness of Argentine meal and oil. Argentina's grains chamber CIARA-CEC disputed that the change would affect crush competitiveness.
Argentina is expected to export 30 million tonnes of soymeal in 2025/26 versus 23.2 million from Brazil.
Brazilian meal and oil may gain share if Argentine processing loses some competitiveness, though the expected large Argentine meal exports keep world meal supply heavy.
在过去 206 次中性的政策事件之后,SBM 在 5 个交易日内中位数变动 -0.4%(44% 上涨;中间一半区间为 -2.3% 至 +1.8%),20 个交易日内为 -0.7%。
在过去 196 次中性的政策事件之后,SBO 在 5 个交易日内中位数变动 +0.1%(52% 上涨;中间一半区间为 -1.6% 至 +2.0%),20 个交易日内为 -0.5%。
在过去 554 次中性的政策事件之后,SOY 在 5 个交易日内中位数变动 +0.0%(51% 上涨;中间一半区间为 -1.4% 至 +1.6%),20 个交易日内为 +0.6%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件;仅描述已发生的情况,不代表未来走势。不构成投资建议。