# Rabobank: Soy meal glut on cards for 2025 regardless of tariffs, wheat still a concern - Undercurrent News

> Rabobank expects a global soymeal glut in 2025 regardless of tariff outcomes, according to an Undercurrent News report. The article also flags wheat as a continuing concern. Detailed figures are not available in the excerpt.

- Date: 2025-03-24 · published 2025-03-24T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/25656-rabobank-soy-meal-glut-on-cards-for-2025-regardless-of-tariffs-wheat-still-a
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A structural meal surplus points to continued weak soybean meal prices, which keeps feed ingredient costs low for buyers.

## Read by commodity

- SBM: bearish ▼
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2022-07-19 | [The Mighty US Crop Markets Through 2030: Our Long-term Outlook for Corn, Soybeans, and Wheat - Rabobank](https://feedsoft.ai/events/15377-the-mighty-us-crop-markets-through-2030-our-long-term-outlook-for-corn-soybeans.md) | +3.2% | +4.4% |
| SBM | 2021-09-22 | [Concerns for Europe, Southeast Asia temper positive global poultry outlook  \| MEAT+POULTRY](https://feedsoft.ai/events/45139-concerns-for-europe-southeast-asia-temper-positive-global-poultry-outlook-meat.md) | -0.2% | -3.8% |
| SBM | 2017-06-29 | [In 2017 – 2018г. global production of oil meals will reach a new record](https://feedsoft.ai/events/70616-in-2017-2018-global-production-of-oil-meals-will-reach-a-new-record.md) | +8.6% | +9.4% |
| SBM | 2022-05-19 | [Current Soybean Meal-Corn Ratio](https://feedsoft.ai/events/41486-current-soybean-meal-corn-ratio.md) | +2.6% | +0.7% |
| SBM | 2017-04-12 | [USDA Crop Reports Bearish for U.S. Corn, Wheat and Soybean Markets - Northern Ag Network](https://feedsoft.ai/events/71446-usda-crop-reports-bearish-for-u-s-corn-wheat-and-soybean-markets-northern-ag.md) | +0.5% | +1.5% |
| WHEAT | 2026-04-10 | [USDA Raises Wheat, Corn and Soy Price Estimates - Farm Policy News](https://feedsoft.ai/events/19746-usda-raises-wheat-corn-and-soy-price-estimates-farm-policy-news.md) | +3.8% | +0.3% |
| WHEAT | 2026-05-13 | [2025 NASS County Corn, Soybean, and Winter Wheat Yields](https://feedsoft.ai/events/12994-2025-nass-county-corn-soybean-and-winter-wheat-yields.md) | +0.9% | -4.2% |
| WHEAT | 2025-01-18 | [Global wheat prices seen under pressure on record output - The HinduBusinessLine](https://feedsoft.ai/events/26545-global-wheat-prices-seen-under-pressure-on-record-output-the-hindubusinessline.md) | -0.0% | +4.0% |

## Sources

- undercurrentnews.com: https://www.undercurrentnews.com/2025/03/24/rabobank-soy-meal-glut-on-cards-for-2025-regardless-of-tariffs-wheat-still-a-concern/

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