# Despite strong demand growth, soybean meal is worth the same as 26 years ago · GlobeAlert

> A Rosario Stock Exchange report says soybean meal prices remain flat in real terms despite strong demand growth. Biofuel-driven crushing expansion in the United States and Brazil has boosted meal supply.

- Date: 2026-11-01 · published 2026-11-01T18:07:45.497Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/29137-despite-strong-demand-growth-soybean-meal-is-worth-the-same-as-26-years-ago
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Heavier crush for oil driven by biofuels keeps meal supply ample, which caps meal prices even as demand rises. Feed buyers can expect soybean meal to remain relatively cheap against demand growth.

## Read by commodity

- SBM: bearish ▼
- SBO: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2026-05-19 | [SunSirs: Analysis of the Impact of the USDA Soybean Meal Supply and Demand Report](https://feedsoft.ai/events/19326-sunsirs-analysis-of-the-impact-of-the-usda-soybean-meal-supply-and-demand-report.md) | -1.1% | -11.7% |
| SBM | 2020-05-26 | [Soybean prices expected to fall despite growing demand \| Feed Strategy](https://feedsoft.ai/events/53461-soybean-prices-expected-to-fall-despite-growing-demand-feed-strategy.md) | -0.4% | +0.8% |
| SBM | 2026-06-19 | [Soybean meal and oil: global demand sustains market, but excess supply pressures prices in the second half of the year](https://feedsoft.ai/events/18880-soybean-meal-and-oil-global-demand-sustains-market-but-excess-supply-pressures.md) | +1.2% | +5.7% |
| SBM | 2026-06-17 | [SunSirs: USDA Releases 2026/27 Soybean Meal Supply and Demand Report](https://feedsoft.ai/events/18886-sunsirs-usda-releases-2026-27-soybean-meal-supply-and-demand-report.md) | -0.6% | +4.3% |
| SBM | 2025-08-15 | [Global soybean meal trade to set record for third straight year](https://feedsoft.ai/events/23403-global-soybean-meal-trade-to-set-record-for-third-straight-year.md) | +5.3% | +2.2% |
| SBO | 2018-11-14 | [Global Ag Network \| What does NOPA Crush mean for Soybeans?](https://feedsoft.ai/events/62107-global-ag-network-what-does-nopa-crush-mean-for-soybeans.md) | -0.8% | +4.0% |
| SBO | 2019-07-31 | [Prospects for soybean demand - Morning Ag Clips](https://feedsoft.ai/events/58126-prospects-for-soybean-demand-morning-ag-clips.md) | -2.9% | -1.1% |
| SBO | 2020-03-09 | [The Pace of Soybean Use \|
         Ag Notes \| 
        Illinois Public Media](https://feedsoft.ai/events/54227-the-pace-of-soybean-use-ag-notes-illinois-public-media.md) | -8.3% | -7.2% |

## Sources

- clarin.com: https://www.clarin.com/rural/pese-fuerte-crecimiento-demanda-harina-soja-vale-mismo-hace-26-anos_0_a1b553lD46.html
- globealert.ai: https://www.globealert.ai/news/despite-strong-demand-growth-soybean-meal-is-worth-the-same-as-26-years-ago-15b2d861

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