# U.S. Soybean Meal Exports Expected to Reach Record High

> USDA FAS reports U.S. soybean meal exports set a record 13.2 million tons in 2022/23, valued near $7 billion. Shipments expanded to the EU and Vietnam as Argentine drought reduced its exportable supplies, and USDA forecasts a new record of 13.9 million tons for 2023/24.

- Date: 2023-11-01 · published 2023-11-01T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/33689-u-s-soybean-meal-exports-expected-to-reach-record-high
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A record export pace drawn by biofuel-driven crush supports U.S. meal prices and reinforces demand for soybeans.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2023-10-25 | [U.S. soybean meal exports set record, expected to go higher next year \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/33691-u-s-soybean-meal-exports-set-record-expected-to-go-higher-next-year-agri-pulse.md) | -0.1% | +6.7% |
| SBM | 2022-01-19 | [Lower US Soybean Meal Export Projection](https://feedsoft.ai/events/43208-lower-us-soybean-meal-export-projection.md) | +0.2% | +10.8% |
| SBM | 2024-07-15 | [USDA report highlights Mexico's soybean meal import surge \| Feed & Grain](https://feedsoft.ai/events/29389-usda-report-highlights-mexico-s-soybean-meal-import-surge-feed-and-grain.md) | -7.5% | -9.6% |
| SBM | 2026-08-31 | [Soybean meal demand pushes global trade to a new record](https://feedsoft.ai/events/17960-soybean-meal-demand-pushes-global-trade-to-a-new-record.md) | +2.5% | +10.3% |
| 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 | 2023-10-25 | [U.S. soybean meal exports set record, expected to go higher next year \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/33691-u-s-soybean-meal-exports-set-record-expected-to-go-higher-next-year-agri-pulse.md) | -0.6% | +6.3% |
| SOY | 2021-11-09 | [USDA Expects Record-High Corn Yield](https://feedsoft.ai/events/43999-usda-expects-record-high-corn-yield.md) | +6.7% | +6.1% |

## Sources

- fas.usda.gov: https://www.fas.usda.gov/data/us-soybean-meal-exports-expected-reach-record-high

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