Soybean prices hit 3-year high; exports surge to 3.4M tons this month

Soybean prices in Argentina reached a three-year high, driving a surge in exports of the soybean complex to nearly 3.4 million tons this month. The price spike likely reflects improved local market conditions, possibly due to global demand or supply constraints. This development boosts Argentina's export revenues and may signal tightening global soybean supplies.