# US soybean meal exports set to reach record highs in 2024/25 | Feed & Grain

> 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.

- Date: 2025-01-14 · published 2025-01-14T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/26589-us-soybean-meal-exports-set-to-reach-record-highs-in-2024-25-feed-and-grain
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Record export demand for US meal tightens available supplies and supports prices, while competitive US pricing could draw more buyers from Brazil and Argentina.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2023-11-01 | [U.S. Soybean Meal Exports Expected to Reach Record High](https://feedsoft.ai/events/33689-u-s-soybean-meal-exports-expected-to-reach-record-high.md) | +3.7% | +3.9% |
| SBM | 2024-07-15 | [USDA report highlights Mexico's soybean meal import surge \| Feed & Grain](https://feedsoft.ai/events/29389-usda-report-highlights-mexico-s-soybean-meal-import-surge-feed-and-grain.md) | -7.5% | -9.6% |
| SBM | 2023-10-25 | [U.S. soybean meal exports set record, expected to go higher next year \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/33691-u-s-soybean-meal-exports-set-record-expected-to-go-higher-next-year-agri-pulse.md) | -0.1% | +6.7% |
| SBM | 2022-03-21 | [China to import record soybean volume in 2022-23 \| World Grain](https://feedsoft.ai/events/42291-china-to-import-record-soybean-volume-in-2022-23-world-grain.md) | +1.4% | -3.3% |
| SBM | 2025-12-10 | [Argentina soybean exports to rise despite lower production \| Feed & Grain](https://feedsoft.ai/events/13818-argentina-soybean-exports-to-rise-despite-lower-production-feed-and-grain.md) | +1.2% | +1.0% |
| SOY | 2023-11-01 | [U.S. Soybean Meal Exports Expected to Reach Record High](https://feedsoft.ai/events/33689-u-s-soybean-meal-exports-expected-to-reach-record-high.md) | +4.8% | +4.7% |
| SOY | 2024-07-15 | [USDA report highlights Mexico's soybean meal import surge \| Feed & Grain](https://feedsoft.ai/events/29389-usda-report-highlights-mexico-s-soybean-meal-import-surge-feed-and-grain.md) | -3.3% | -9.4% |
| SOY | 2023-10-25 | [U.S. soybean meal exports set record, expected to go higher next year \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/33691-u-s-soybean-meal-exports-set-record-expected-to-go-higher-next-year-agri-pulse.md) | -0.6% | +6.3% |

## Sources

- feedandgrain.com: https://www.feedandgrain.com/grain-handling-processing/grain-processing/news/15712077/us-soybean-meal-exports-set-to-reach-record-highs-in-202425

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