# South America Soybean Exports Squeeze Crush Margins Soybean crush margins in South America squashed by record exports | Kpler - Sep 16, 2025

> Kpler analysis says U.S. soybean exports to China are effectively shut out by the trade dispute, which has driven record South American soybean exports. Chinese crushing margins and South American crush margins have tightened as a result. Analysts expect Brazilian soybean values to ease and U.S. prices to stay low to keep export demand.

- Date: 2025-09-16 · published 2025-09-16T12:00:00.000Z
- Category: trade · region South America · magnitude medium
- Page: https://feedsoft.ai/events/22966-south-america-soybean-exports-squeeze-crush-margins-soybean-crush-margins-in
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Record South American export flows are shifting world soybean demand away from the U.S., keeping U.S. prices low while tighter crush margins weigh on meal and oil supply.

## Read by commodity

- SBM: bullish ▲
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-01-30 | [China Turns to South America for Soybeans as U.S. Corn, Sorghum Exports Gain Momentum - RFD](https://feedsoft.ai/events/21112-china-turns-to-south-america-for-soybeans-as-u-s-corn-sorghum-exports-gain.md) | +3.7% | +7.9% |
| SOY | 2022-08-08 | [China's July Soybean Imports Slide Amid Poor Crush Margins, Weaker Demand \| Checkout](https://feedsoft.ai/events/14910-china-s-july-soybean-imports-slide-amid-poor-crush-margins-weaker-demand.md) | +3.4% | -6.5% |
| SOY | 2018-07-23 | [U.S. Soybean Crush Margins at 2nd Highest Levels Ever](https://feedsoft.ai/events/64104-u-s-soybean-crush-margins-at-2nd-highest-levels-ever.md) | +2.4% | +3.7% |
| SOY | 2018-01-25 | [Soy source: Brazil's share of soybean exports to China hits record](https://feedsoft.ai/events/67014-soy-source-brazil-s-share-of-soybean-exports-to-china-hits-record.md) | +0.4% | +4.0% |
| SOY | 2026-04-14 | [China March soybean imports rise 15% y/y, lag expectations amid Brazil checks - Markets - Business Recorder](https://feedsoft.ai/events/14585-china-march-soybean-imports-rise-15-y-y-lag-expectations-amid-brazil-checks.md) | +0.3% | +3.2% |
| SBM | 2022-12-23 | [Commodities 2023: China's soybean imports to recover on improved margins, restocking needs](https://feedsoft.ai/events/14881-commodities-2023-china-s-soybean-imports-to-recover-on-improved-margins.md) | +4.6% | +3.8% |
| SBM | 2021-08-26 | [Record US Soybean Exports Contribute to Price Surge](https://feedsoft.ai/events/45590-record-us-soybean-exports-contribute-to-price-surge.md) | -2.1% | -2.1% |
| SBM | 2018-05-17 | [Bunge to consider soybean exports to Argentina \| World-grain.com \| May 16, 2018 20:12 \| World Grain](https://feedsoft.ai/events/64866-bunge-to-consider-soybean-exports-to-argentina-world-grain-com-may-16-2018-20.md) | +1.1% | -8.9% |

## Sources

- kpler.com: https://www.kpler.com/blog/soybean-crush-margins-in-south-america-squashed-by-record-exports

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