# Soybean meal and oil: global demand sustains market, but excess supply pressures prices in the second half of the year

> Itaú BBA's June Agro Monthly says soybean oil was the standout of the complex in May, driven by crude oil and expected biodiesel mandates including Indonesia's B50 and possible Malaysian B15. Meal faces weaker prospects from rising global crush and export competition, with excess supply expected to pressure prices in the second half of the year.

- Date: 2026-06-19 · published 2026-06-19T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/18880-soybean-meal-and-oil-global-demand-sustains-market-but-excess-supply-pressures
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Strong biofuel-linked oil demand supports crush economics, but growing meal supply from major exporters points to lower meal prices and softer margins for feed buyers.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2024-11-11 | [Global soybean market faces challenges amid oilseed production decline \| Feed & Grain](https://feedsoft.ai/events/27430-global-soybean-market-faces-challenges-amid-oilseed-production-decline-feed-and.md) | -1.3% | -8.2% |
| SBO | 2021-09-29 | [Palm Oil Supply and Demand Prospects \|         Global Oil & Fats Business Online – gofbonline.com](https://feedsoft.ai/events/44943-palm-oil-supply-and-demand-prospects-global-oil-and-fats-business-online.md) | +2.7% | +7.9% |
| SBO | 2022-06-28 | [US soyabean oil prices rise due to tight supply and surging energy…](https://feedsoft.ai/events/41032-us-soyabean-oil-prices-rise-due-to-tight-supply-and-surging-energy.md) | -6.8% | -13.9% |
| SBO | 2023-07-04 | [Palm and soybean oil futures rose 8.5-10% in two sessions, following soybean prices](https://feedsoft.ai/events/6545-palm-and-soybean-oil-futures-rose-8-5-10-in-two-sessions-following-soybean.md) | +0.5% | -1.8% |
| SBO | 2023-01-13 | [US soybean crop and oil prices rise after cuts in the 2022/23 MY crop estimate](https://feedsoft.ai/events/37865-us-soybean-crop-and-oil-prices-rise-after-cuts-in-the-2022-23-my-crop-estimate.md) | -1.6% | -9.4% |
| SBM | 2026-05-08 | [SunSirs: Analysis of Loose Soybean Meal Supply and Price Pressure in China in May](https://feedsoft.ai/events/19329-sunsirs-analysis-of-loose-soybean-meal-supply-and-price-pressure-in-china-in-may.md) | +6.9% | -0.9% |
| SBM | 2024-05-16 | [Global soybean supply to increase in marketing year 2024/25 \| Feed & Grain](https://feedsoft.ai/events/30322-global-soybean-supply-to-increase-in-marketing-year-2024-25-feed-and-grain.md) | +1.5% | -3.6% |
| SBM | 2024-08-14 | [Soybean and corn prices are sharply dropping in global markets, with the cause still unknown.](https://feedsoft.ai/events/12649-soybean-and-corn-prices-are-sharply-dropping-in-global-markets-with-the-cause.md) | +1.2% | +1.6% |

## Sources

- tridge.com: https://www.tridge.com/news/soybean-meal-and-oil-global-demand-sustains--jwmyxjlx

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