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Soybean meal prices continued to rise in Brazil and the United States on strong global demand, according to Cepea data. The meal share of the crush margin reached its highest level since October 2024 in São Paulo.
Conab made some soybean meal storage available in certain Brazilian states between July and August, which may have limited industry willingness to sell.
A higher meal share in crush margins gives processors an incentive to keep crushing and supports meal prices while global demand remains strong. Brazilian meal supply may be less pressured by industry selling.
mmcereais.com.brSep 21, 2026After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% over 20.
After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Cepea data show meal prices rising in Brazil and the US on strong global demand, with the meal share of crush margin at its highest since Oct 2024, which supports meal prices on the day.
