South American soybean meal basis hits three-month high

After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% over 20.

• Jan 12, 2021EU soybean meal imports slump on tight South American supplies: sources+2.5%
• Jul 21, 2026Global demand for soybean meal drives prices up in Brazil and the U.S.-0.7%
• Mar 22, 2021EU soybean meal imports continue to fall amid tight S American supplies: sources-1.1%
• Feb 29, 2024Soybean meal prices in Thailand will remain high-0.3%
• Oct 31, 2025Soybeans Rise to 15-Month Highs-0.1%

After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.

• Feb 22, 2023China likely to buy more US Gulf soybeans in Q1 amid South American supply woes | S&P Global-3.8%
• May 12, 2025U.S. grains: Soybeans hit three-month high on US-China trade deal, USDA report - Canadian Cattlemen+0.6%
• Feb 1, 2021Why the South American soybean crop is more important than you think-0.2%
• Oct 31, 2025Soybeans Rise to 15-Month Highs+0.0%
• Oct 29, 2025U.S. grains: Soybeans set 15-month high on U.S.-China trade deal hopes - Grainews+2.8%