Global soybean meal trade to set record for third straight year

After 399 past bearish report events, SBM moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.

• Jul 28, 2017Global soybean meal production will be at record high in 2017 - 2018.-5.0%
• Jul 14, 2022Brazil to produce record amount of soybean meal, oil amid higher crush margins | S&P Global-9.1%
• Jul 21, 2023Brazil's 2023 soybean crushing set for record highs driven by oil, meal demand+4.5%
• May 16, 2024Global soybean supply to increase in marketing year 2024/25 | Feed & Grain+1.5%
• Mar 14, 2025Global soybean crush forecast hits record high amid increased demand | Feed & Grain-0.8%

After 563 past neutral report events, SOY moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.

• Apr 26, 2023USDA forecasts strong global soyabean trade but lower meal and oil…-0.4%
• Jul 28, 2017Global soybean meal production will be at record high in 2017 - 2018.-4.4%
• Oct 13, 2026U.S. soybean yields expected to set a new record this fall-2.4%
• Jul 14, 2022Brazil to produce record amount of soybean meal, oil amid higher crush margins | S&P Global-8.8%
• Mar 14, 2025Global soybean crush forecast hits record high amid increased demand | Feed & Grain+1.6%