
Brazilian soybean meal prices fell 2.4% between April and the first half of May and are down 16.8% year on year, according to Cepea. The decline is attributed to record Brazilian soybean availability and a large Argentine harvest, and USDA projects record global meal output for 2025/26.
Record South American crush and projected record global meal production point to heavier meal supply, which keeps downward pressure on soybean meal prices for feed buyers.
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.