# South American soybean meal prices drop to four-year lows

> South American soybean meal FOB prices fell to their lowest levels in over four years, with Platts assessing Brazilian Paranagua and Argentine Up River outright prices near $322 and $321 per metric ton on Nov. 14. The decline followed weaker CBOT futures, strong crush rates in Argentina and Brazil, and weaker port differentials.

- Date: 2024-11-27 · published 2024-11-27T12:00:00.000Z
- Category: market · region South America · magnitude low
- Page: https://feedsoft.ai/events/27470-south-american-soybean-meal-prices-drop-to-four-year-lows
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower South American meal offers reduce the cost of imported protein for feed buyers and pressure US meal values as Southern Hemisphere supply expectations grow.

## Read by commodity

- SBM: bearish ▼

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/112724-south-american-soybean-meal-prices-drop-to-four-year-lows

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