Argentina brings dynamism to the soybean market, premiums fluctuate, and China remains out of weekly U.S. sales

return of retentions within 72 hours. The immediate impact was a sharp fluctuation in premiums for Argentine soymeal and soybean sales, which gained competitiveness and resulted in several cargoes being sold to China. In Brazil, the impact was also felt: premiums fell between USD 0.30 and USD 0.40/bushel, while port prices dropped by BRL 5 to 6 at the week’s lows. This movement has reduced selling interest, with growers now focused on planting the 2026 crop. Consequently, a very large spread between buyers and sellers was observed, amid a volatile stock market, but with relatively narrow ranges for soybeans. Last week’s U.S. sales once again did not register Chinese purchases. In the same period last year, China had already purchased approximately 300,000 tons. As highlighted in previous reports, September is not typically marked by large volumes of U.S. soybeans destined for China, but the market is still weighing the risks of lower demand and possible inventory adjustments for ...