# USDA report highlights Mexico's soybean meal import surge | Feed & Grain

> USDA's July 2024 Oilseeds: World Markets and Trade report projects Mexico's soybean meal imports rebounding to over 2 million tons in 2024/25, the second highest ever. The report also raised China's 2023/24 soybean import forecast by 3 million tons to a record 108 million.

- Date: 2024-07-15 · published 2024-07-15T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/29389-usda-report-highlights-mexico-s-soybean-meal-import-surge-feed-and-grain
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Strong Mexican demand for US soybean meal supports export prices, while record Chinese soybean imports add to global soybean demand.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-01-14 | [US soybean meal exports set to reach record highs in 2024/25 \| Feed & Grain](https://feedsoft.ai/events/26589-us-soybean-meal-exports-set-to-reach-record-highs-in-2024-25-feed-and-grain.md) | +2.5% | +0.2% |
| SOY | 2021-05-12 | [Soybeans Surge Near 9-Year High \| Feed & Grain](https://feedsoft.ai/events/11984-soybeans-surge-near-9-year-high-feed-and-grain.md) | -3.9% | -4.6% |
| SOY | 2022-09-29 | [Report highlights demands on soybean industry from US renewable diesel growth](https://feedsoft.ai/events/15372-report-highlights-demands-on-soybean-industry-from-us-renewable-diesel-growth.md) | -2.8% | -1.9% |
| 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 | 2021-08-13 | [USDA surprise report is a market game changer - HighLine Grain Growers, Inc](https://feedsoft.ai/events/45504-usda-surprise-report-is-a-market-game-changer-highline-grain-growers-inc.md) | -5.6% | -9.0% |
| SBM | 2025-01-14 | [US soybean meal exports set to reach record highs in 2024/25 \| Feed & Grain](https://feedsoft.ai/events/26589-us-soybean-meal-exports-set-to-reach-record-highs-in-2024-25-feed-and-grain.md) | -0.9% | -0.4% |
| SBM | 2021-05-12 | [Soybeans Surge Near 9-Year High \| Feed & Grain](https://feedsoft.ai/events/11984-soybeans-surge-near-9-year-high-feed-and-grain.md) | -7.7% | -12.5% |
| SBM | 2025-03-11 | [EU soybean meal imports hit a decade high in Q1 amid global crush surge: US FAS](https://feedsoft.ai/events/25658-eu-soybean-meal-imports-hit-a-decade-high-in-q1-amid-global-crush-surge-us-fas.md) | +2.7% | -1.1% |

## Sources

- feedandgrain.com: https://www.feedandgrain.com/grain-supply-chain/grain-trade-export/news/15679556/usda-report-highlights-mexicos-soybean-meal-import-surge

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