# USDA Sees Robust Soybean Meal Growth in 2022 – 2023 | CZ app

> The USDA's first 2022/23 global oilseed forecasts project soybean meal consumption rising 7.9 million tonnes. The article notes that demand is growing despite meal averaging about USD 463 per tonne this crop year, well above the 2019/20 average. Poorer importing countries are still buying meal at these prices.

- Date: 2022-05-18 · published 2022-05-18T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/41487-usda-sees-robust-soybean-meal-growth-in-2022-2023-cz-app
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Rising global meal demand against a tight price backdrop supports soybean meal prices and crush margins. Feed buyers should expect firm meal values even at high price levels.

## Read by commodity

- SBM: 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 | 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 | 2023-01-13 | [US soybean crop and oil prices rise after cuts in the 2022/23 MY crop estimate](https://feedsoft.ai/events/37865-us-soybean-crop-and-oil-prices-rise-after-cuts-in-the-2022-23-my-crop-estimate.md) | -6.6% | -3.3% |
| SBM | 2022-03-21 | [China to import record soybean volume in 2022-23 \| World Grain](https://feedsoft.ai/events/42291-china-to-import-record-soybean-volume-in-2022-23-world-grain.md) | +1.4% | -3.3% |
| SBM | 2023-09-13 | [USDA  Maintains 2023-'24 Forecast for Soybean Oil Use in Biofuel - World-Energy](https://feedsoft.ai/events/15275-usda-maintains-2023-24-forecast-for-soybean-oil-use-in-biofuel-world-energy.md) | -3.1% | -7.7% |

## Sources

- czapp.com: https://www.czapp.com/analyst-insights/usda-sees-robust-soybean-meal-growth-in-2022-2023/

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