# Brazil soybean meal export market higher ahead of EU sustainability rule

> Brazilian soybean meal spot prices rose from near four-year lows, with Platts assessing FOB Paranagua at $367.29/mt on August 22 versus $349.43/mt on August 12. Buyers in Europe were more active ahead of the EU Deforestation Regulation taking effect December 30.

- Date: 2024-08-22 · published 2024-08-22T12:00:00.000Z
- Category: trade · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/28881-brazil-soybean-meal-export-market-higher-ahead-of-eu-sustainability-rule
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Stronger European buying and a favorable exchange rate lift Brazilian meal export prices from lows, supporting global soymeal values. The EUDR-driven front-loading may be temporary, so the rebound could fade.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2019-04-01 | [Greek Feed Market Hungry for High Quality Protein - U.S. Soybean Export Council](https://feedsoft.ai/events/59708-greek-feed-market-hungry-for-high-quality-protein-u-s-soybean-export-council.md) | +0.5% | -3.0% |
| SBM | 2020-03-04 | [Soybeans rise on hopes for export demand, financial market gains \| Financial Post](https://feedsoft.ai/events/54186-soybeans-rise-on-hopes-for-export-demand-financial-market-gains-financial-post.md) | -2.6% | +5.8% |
| SBM | 2018-10-12 | [AgriMarketing.com - Brazil's Supply Of Soybeans Is Running Low](https://feedsoft.ai/events/62630-agrimarketing-com-brazil-s-supply-of-soybeans-is-running-low.md) | +1.1% | -2.1% |
| SBM | 2021-11-12 | [Soybean meal leads beans, corn higher - Brownfield Ag News](https://feedsoft.ai/events/7050-soybean-meal-leads-beans-corn-higher-brownfield-ag-news.md) | +7.0% | +7.2% |
| SBM | 2016-04-18 | [Indian soybean meal on the world market too expensive](https://feedsoft.ai/events/10299-indian-soybean-meal-on-the-world-market-too-expensive.md) | +5.3% | +22.0% |
| SOY | 2020-03-04 | [Soybeans rise on hopes for export demand, financial market gains \| Financial Post](https://feedsoft.ai/events/54186-soybeans-rise-on-hopes-for-export-demand-financial-market-gains-financial-post.md) | -2.2% | -0.8% |
| SOY | 2018-10-12 | [AgriMarketing.com - Brazil's Supply Of Soybeans Is Running Low](https://feedsoft.ai/events/62630-agrimarketing-com-brazil-s-supply-of-soybeans-is-running-low.md) | +0.6% | +1.1% |
| SOY | 2021-11-12 | [Soybean meal leads beans, corn higher - Brownfield Ag News](https://feedsoft.ai/events/7050-soybean-meal-leads-beans-corn-higher-brownfield-ag-news.md) | +4.4% | +4.6% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/082224-brazil-soybean-meal-export-market-higher-ahead-of-eu-sustainability-rule

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