
Argentina's soy crush fell to 27 million tonnes in 2023 from 38 million in 2022, the lowest in 19 years, per the Rosario Board of Trade. Drought cut the harvest by over 56%, while record imports of 10.4 million tonnes cushioned the crush decline, and 54% of crush capacity sat idle.
Brazil overtook Argentina as the top soy oil and meal exporter.
A sharply smaller Argentine crush cuts global soymeal and soyoil export supply, supporting prices while Brazil fills the gap. Improved El Niño rainfall for 2023/24 points to a crop recovery that would eventually weigh on prices.
在过去 453 次看涨的天气事件之后,豆粕 在 5 个交易日内中位数变动 +0.5%(55% 上涨;中间一半区间为 -1.6% 至 +2.7%),20 个交易日内为 +0.5%。
在过去 184 次看涨的天气事件之后,豆油 在 5 个交易日内中位数变动 +0.3%(53% 上涨;中间一半区间为 -1.9% 至 +2.4%),20 个交易日内为 -0.5%。
在过去 324 次中性的天气事件之后,大豆 在 5 个交易日内中位数变动 +0.0%(52% 上涨;中间一半区间为 -1.4% 至 +1.7%),20 个交易日内为 +0.7%。
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。