# Soja: Demanda Global Impulsiona Preço Do Farelo | MM Cereais

> 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.

- Date: 2026-09-21 · published 2026-09-21T12:00:00.000Z
- Category: trade · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/11651-soja-demanda-global-impulsiona-preco-do-farelo-mm-cereais
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

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.

## Read by commodity

- SBM: bullish ▲
- SOY: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2026-09-21 | 1 | +3.0% | 3.1 | 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. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2025-11-25 | [Farelo De Soja Avança Em Novembro E Pressiona Oferta Interna \| MM Cereais](https://feedsoft.ai/events/22020-farelo-de-soja-avanca-em-novembro-e-pressiona-oferta-interna-mm-cereais.md) | -1.5% | -3.8% |
| SBM | 2026-07-21 | [Global demand for soybean meal drives prices up in Brazil and the U.S.](https://feedsoft.ai/events/18436-global-demand-for-soybean-meal-drives-prices-up-in-brazil-and-the-u-s.md) | -0.7% | -2.6% |
| SBM | 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) | +4.5% | +12.9% |
| SBM | 2021-04-27 | [Chinese Demand Drives Global Soybean Trade - Trade Data Monitor](https://feedsoft.ai/events/47451-chinese-demand-drives-global-soybean-trade-trade-data-monitor.md) | -2.8% | -5.8% |
| SBM | 2022-08-05 | [More US Soybean Meal Exports Needed to Meet Global Demand \| CZ app](https://feedsoft.ai/events/40110-more-us-soybean-meal-exports-needed-to-meet-global-demand-cz-app.md) | +1.0% | -10.2% |
| SOY | 2026-07-21 | [Global demand for soybean meal drives prices up in Brazil and the U.S.](https://feedsoft.ai/events/18436-global-demand-for-soybean-meal-drives-prices-up-in-brazil-and-the-u-s.md) | -1.4% | -2.0% |
| SOY | 2019-10-30 | [Soybean Prices are a Proxy for How the Trade War is Going - Global Trade Magazine](https://feedsoft.ai/events/56614-soybean-prices-are-a-proxy-for-how-the-trade-war-is-going-global-trade-magazine.md) | +0.4% | -3.7% |
| SOY | 2025-08-28 | [What Role Do Farm Products Have in U.S.-China Trade Deal?](https://feedsoft.ai/events/14641-what-role-do-farm-products-have-in-u-s-china-trade-deal.md) | -1.5% | -1.5% |

## Sources

- mmcereais.com.br: https://mmcereais.com.br/en/2026/soja/soja-demanda-global-impulsiona-preco-do-farelo/

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