# U.S. soybean meal reaches record exports, driven by increased crush capacity and global demand - Agweek | #1 source for agriculture news, farming, markets

> US soybean meal exports reached a record 14.4 million metric tons in the 2024 marketing year, valued at $6.7 billion and up 10% from the prior year. Expanding crush capacity, driven by renewable diesel demand for soybean oil, is producing more meal for export buyers.

- Date: 2024-12-23 · published 2024-12-23T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/11402-u-s-soybean-meal-reaches-record-exports-driven-by-increased-crush-capacity-and
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Record meal exports and rising crush capacity add supply to global meal markets, which is bearish for meal prices, while strong buyer demand underpins the export trade.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2018-06-24 | [Trade wars leave farming as a casualty - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/64502-trade-wars-leave-farming-as-a-casualty-agweek-1-source-for-agriculture-news.md) | -1.9% | -3.3% |
| SBM | 2026-02-09 | [INFOGRAPHIC: Brazil soybean meal exports reach record in 2025 amid growing EU demand, low prices \| S&P Global](https://feedsoft.ai/events/20691-infographic-brazil-soybean-meal-exports-reach-record-in-2025-amid-growing-eu.md) | +1.6% | +6.0% |
| SBM | 2023-09-07 | [Brazil Breaks Soybean Export Record and Displaces Argentina in the Global Soybean Meal Market - farmdoc daily](https://feedsoft.ai/events/14814-brazil-breaks-soybean-export-record-and-displaces-argentina-in-the-global.md) | -1.1% | -8.6% |
| SBM | 2018-03-26 | [Ag sector worries Trump tariffs, tactics may spark trade war with China - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/65990-ag-sector-worries-trump-tariffs-tactics-may-spark-trade-war-with-china-agweek-1.md) | -0.2% | -1.6% |
| SBM | 2021-09-07 | [China's August soybean imports fall on flat demand - Markets - Business Recorder](https://feedsoft.ai/events/45066-china-s-august-soybean-imports-fall-on-flat-demand-markets-business-recorder.md) | +1.7% | -3.9% |
| SBO | 2016-11-28 | [Soybeans rise 1.2 percent on strong U.S. exports, weaker dollar - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/73899-soybeans-rise-1-2-percent-on-strong-u-s-exports-weaker-dollar-agweek-1-source.md) | +2.3% | -5.6% |
| SBO | 2019-01-20 | [Even slightly bullish news gives markets some movement - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12388-even-slightly-bullish-news-gives-markets-some-movement-agweek-1-source-for.md) | +4.4% | +2.5% |
| SBO | 2026-08-28 | [Strong demand offsets price pressure from record global soybean crop](https://feedsoft.ai/events/10974-strong-demand-offsets-price-pressure-from-record-global-soybean-crop.md) | +6.9% | +0.6% |

## Sources

- agweek.com: https://www.agweek.com/crops/soybeans/u-s-soybean-meal-reaches-record-exports-driven-by-increased-crush-capacity-and-global-demand

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.