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Opinion piece by Allison Thompson argues soybean meal has overtaken exports as the main driver of soybean futures. Weekly meal exports are 17% above last year while soybean exports are down 18% and soybean oil exports down 62%, implying soybean usage only about 8% behind last year's pace.
Firm meal export demand from global protein consumers supports meal prices and suggests a steadier soybean complex, while weaker oil demand tied to energy markets adds downside risk to oil values.
agweek.comAllison ThompsonApr 17, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
