# U.S. soybean meal exports set record, expected to go higher next year | Agri-Pulse Communications, Inc.

> Agri-Pulse reports U.S. soybean meal exports reached a record 13.2 million tons in 2022/23 and are expected to hit 13.9 million tons in 2023/24. Growth is tied to soybean oil demand for biofuels, and industry is seeking more crush capacity.

- Date: 2023-10-25 · published 2023-10-25T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/33691-u-s-soybean-meal-exports-set-record-expected-to-go-higher-next-year-agri-pulse
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Expected record exports and expanding crush capacity support meal export demand and U.S. meal prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 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) | +3.7% | +3.9% |
| 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 | 2023-06-30 | [More corn, less soybeans revealed in USDA crop acreage, grain stocks reports \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/35530-more-corn-less-soybeans-revealed-in-usda-crop-acreage-grain-stocks-reports-agri.md) | +1.6% | +11.9% |
| SBM | 2019-09-12 | [USDA lowers corn, soybean yield estimates \| 2019-09-12  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/10852-usda-lowers-corn-soybean-yield-estimates-2019-09-12-agri-pulse-communications.md) | +0.7% | +5.5% |
| SBM | 2021-08-12 | [USDA lowers corn, soybean yield estimates due to drought \| 2021-08-12  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/45406-usda-lowers-corn-soybean-yield-estimates-due-to-drought-2021-08-12-agri-pulse.md) | +0.4% | -4.3% |
| 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 | 2021-02-05 | [US sets new record for ag exports to China in 2020 \| 2021-02-05  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/48476-us-sets-new-record-for-ag-exports-to-china-in-2020-2021-02-05-agri-pulse.md) | -0.4% | +4.5% |
| 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% |

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/20159-us-soybean-meal-exports-set-record-expected-to-go-higher-next-year

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