# Looming meal glut may hinder crusher growth | The Western Producer

> Oilseed crushers and renewable diesel processors face a looming US soybean meal glut as Argentine production recovers to normal levels. The USDA FAS reported record US soybean meal exports of 14.52 million tonnes in 2023-24.

- Date: 2024-06-21 · published 2024-06-21T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/29733-looming-meal-glut-may-hinder-crusher-growth-the-western-producer
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

With Argentine supply returning and US crush expanding, surplus meal is likely to pressure soybean meal and canola meal prices lower in the coming months.

## Read by commodity

- SBM: bearish ▼
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2023-04-14 | [China's soybean demand slump baffles market \| The Western Producer](https://feedsoft.ai/events/36428-china-s-soybean-demand-slump-baffles-market-the-western-producer.md) | -1.7% | -7.5% |
| SBM | 2018-10-04 | [China’s cut to soybean consumption ‘unrealistic’ \| The Western Producer](https://feedsoft.ai/events/62523-china-s-cut-to-soybean-consumption-unrealistic-the-western-producer.md) | +1.5% | -0.4% |
| SBM | 2022-09-26 | [Chinese demand for grain imports takes tumble \| The Western Producer](https://feedsoft.ai/events/14900-chinese-demand-for-grain-imports-takes-tumble-the-western-producer.md) | -7.2% | -3.8% |
| SBM | 2026-05-14 | [U.S. Grain/Oilseed Review: CBOT falls under the weight of soybeans \| The Western Producer](https://feedsoft.ai/events/9305-u-s-grain-oilseed-review-cbot-falls-under-the-weight-of-soybeans-the-western.md) | -2.8% | -12.8% |
| SBM | 2017-05-11 | [Firm eager to ride the ‘canola train’ with carinata \| The Western Producer](https://feedsoft.ai/events/71110-firm-eager-to-ride-the-canola-train-with-carinata-the-western-producer.md) | +0.5% | -2.5% |

## Sources

- producer.com: https://www.producer.com/markets/looming-meal-glut-may-hinder-crusher-growth/

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