USDA's Oil Crops Outlook released January 14, 2025 projects US soybean meal exports at a record 15.8 million metric tons in 2024/25, lifting the US share of global trade to 20.9%. The Philippines remained the top buyer, with expanding crush capacity driving competitive pricing.
Record export demand for US meal tightens available supplies and supports prices, while competitive US pricing could draw more buyers from Brazil and Argentina.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
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.