# Brazil to produce record amount of soybean meal, oil amid higher crush margins | S&P Global

> Brazil's crush margin reached $27.51 per tonne on July 13, up 18% year on year, and the 2022 average is 51.5% higher. USDA projects record Brazilian soymeal output of 38.17 million tonnes and soyoil output of 9.48 million tonnes for 2021-22.

- Date: 2022-07-14 · published 2022-07-14T12:00:00.000Z
- Category: report · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/40581-brazil-to-produce-record-amount-of-soybean-meal-oil-amid-higher-crush-margins-s
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Record Brazilian meal exports of 18.5 million tonnes add supply to the global meal market, which is bearish for soymeal prices, while higher oil exports ease vegetable oil tightness.

## Read by commodity

- SBM: bearish ▼
- SBO: neutral
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2017-07-28 | [Global soybean meal production will be at record high in 2017 - 2018.](https://feedsoft.ai/events/70042-global-soybean-meal-production-will-be-at-record-high-in-2017-2018.md) | -5.0% | -7.7% |
| SBM | 2023-07-21 | [Brazil's 2023 soybean crushing set for record highs driven by oil, meal demand](https://feedsoft.ai/events/35113-brazil-s-2023-soybean-crushing-set-for-record-highs-driven-by-oil-meal-demand.md) | +4.5% | -7.2% |
| SBM | 2025-03-14 | [Global soybean crush forecast hits record high amid increased demand \| Feed & Grain](https://feedsoft.ai/events/25657-global-soybean-crush-forecast-hits-record-high-amid-increased-demand-feed-and.md) | -0.8% | -0.2% |
| SBM | 2019-11-21 | [Brazil Heads for Record Soybean Crop Amid Plans for Further Expansion](https://feedsoft.ai/events/55902-brazil-heads-for-record-soybean-crop-amid-plans-for-further-expansion.md) | -2.0% | -0.5% |
| 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 | 2025-01-14 | [US soybean production drops, global oilseed crush rises in 2024/25 \| Feed & Grain](https://feedsoft.ai/events/26590-us-soybean-production-drops-global-oilseed-crush-rises-in-2024-25-feed-and-grain.md) | +1.4% | +3.0% |
| 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 | 2019-09-03 | [SUBSCRIBER NOTE: Platts launches FOB Argentina soybean oil, meal price assessments \| S&P Global](https://feedsoft.ai/events/57157-subscriber-note-platts-launches-fob-argentina-soybean-oil-meal-price.md) | -1.3% | +1.2% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/071422-brazil-to-produce-record-amount-of-soybean-meal-oil-amid-higher-crush-margins

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