# COMMODITIES 2025: Brazil to boost meal output amid competition from Argentina

> S&P Global projects Brazilian soybean meal output rising to 44.30 million mt in the marketing year ending Dec. 31, 2025, up 4.2% from 2023-24, on a 57.50 million mt crush. Brazil's biodiesel blend is set to rise to 15% from March, and spot FOB meal prices are at lows with abundant supply expected to keep pressure on.

- Date: 2024-12-17 · published 2024-12-17T12:00:00.000Z
- Category: trade · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/27011-commodities-2025-brazil-to-boost-meal-output-amid-competition-from-argentina
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Larger Brazilian meal supply and Argentine competition point to weaker soybean meal export prices, which lowers feed ingredient costs for buyers. A US-China trade dispute could divert some demand toward Brazil, partly offsetting that pressure.

## Read by commodity

- SBM: bearish ▼
- SBO: neutral
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2024-01-02 | [Commodities 2024: China's soybean demand set to fall amid impending hog supply cuts](https://feedsoft.ai/events/32124-commodities-2024-china-s-soybean-demand-set-to-fall-amid-impending-hog-supply.md) | -4.2% | -7.1% |
| SBM | 2025-07-08 | [Bunge charters first Argentine soy meal cargo to China](https://feedsoft.ai/events/14650-bunge-charters-first-argentine-soy-meal-cargo-to-china.md) | -1.1% | +2.5% |
| SBM | 2023-09-07 | [Brazil Breaks Soybean Export Record and Displaces Argentina in the Global Soybean Meal Market - farmdoc daily](https://feedsoft.ai/events/14814-brazil-breaks-soybean-export-record-and-displaces-argentina-in-the-global.md) | -1.1% | -8.6% |
| SBM | 2025-04-04 | [COMMODITIES Oil sinks to pandemic lows; metals, soybeans slump as China retaliates](https://feedsoft.ai/events/6317-commodities-oil-sinks-to-pandemic-lows-metals-soybeans-slump-as-china-retaliates.md) | +3.2% | +0.9% |
| SBM | 2026-06-20 | [Brazil’s soymeal export push challenges Argentina’s dominance - Markets - Business Recorder](https://feedsoft.ai/events/18881-brazil-s-soymeal-export-push-challenges-argentina-s-dominance-markets-business.md) | +1.2% | +5.7% |
| SOY | 2023-07-03 | [Argentina ramps up soyabean imports from Paraguay and Brazil](https://feedsoft.ai/events/13959-argentina-ramps-up-soyabean-imports-from-paraguay-and-brazil.md) | -3.2% | -7.2% |
| SOY | 2022-11-15 | [China mulls importing soybean meal from Brazil as supply shortage bites](https://feedsoft.ai/events/38746-china-mulls-importing-soybean-meal-from-brazil-as-supply-shortage-bites.md) | -0.3% | +2.6% |
| SOY | 2022-12-05 | [Wheat plunges to 3-month low on export competition](https://feedsoft.ai/events/6642-wheat-plunges-to-3-month-low-on-export-competition.md) | +3.1% | +3.4% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/121724-commodities-2025-brazil-to-boost-meal-output-amid-competition-from-argentina

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