# Soybean Meal Sits Below USDA's Price Estimate as Crush Margins Soften: ADM (NYSE:ADM) in Focus

> December soybean meal futures were last quoted at $335.70 per short ton on October 28, down about 6.7% from $359.80 on October 15. Crush margins slipped to $2.35 a bushel, a two-month low, and USDA holds its 2026/27 meal price estimate at $340.

- Date: 2026-10-29 · published 2026-10-30T10:05:23.038Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/2037-soybean-meal-sits-below-usda-s-price-estimate-as-crush-margins-soften-adm-nyse
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Softer crush margins reduce near-term meal supply pressure, and meal trading below USDA's estimate signals weaker meal prices for feed buyers.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- kalkine.com: https://kalkine.com/news/industrials/soybean-meal-sits-below-usdas-price-estimate-as-crush-margins-soften-adm-nyseadm-in-focus

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