# Lower US Soybean Meal Export Projection

> USDA's January 2022 balance sheets lowered the 2021/22 US soybean meal extraction rate to 47.0 pounds per bushel and cut meal production by 200,000 short tons to 51.5 million. The WASDE export forecast for meal was cut by the same 200,000 tons to 14 million short tons, while soybean oil exports were raised 175 million pounds.

- Date: 2022-01-19 · published 2022-01-19T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/43208-lower-us-soybean-meal-export-projection
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A smaller US meal export forecast and lower meal output point to tighter meal availability for export buyers in the near term, though slow sales pace partly offsets this. Oil's higher output and export forecast reflects a shift in crush economics toward oil.

## Read by commodity

- SBM: bullish ▲
- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2023-08-11 | [USDA Lowers Corn and Soybean Yields and Production](https://feedsoft.ai/events/12250-usda-lowers-corn-and-soybean-yields-and-production.md) | -5.6% | -6.0% |
| SBM | 2025-12-10 | [Argentina soybean exports to rise despite lower production \| Feed & Grain](https://feedsoft.ai/events/13818-argentina-soybean-exports-to-rise-despite-lower-production-feed-and-grain.md) | +1.2% | +1.0% |
| SBM | 2024-09-12 | [Corn Production Pegged Higher, Soybeans Lower](https://feedsoft.ai/events/28253-corn-production-pegged-higher-soybeans-lower.md) | +1.3% | +2.4% |
| 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 | 2025-01-19 | [July Soybean Meal Futures Price range Projection – LACO Commodity Research](https://feedsoft.ai/events/26588-july-soybean-meal-futures-price-range-projection-laco-commodity-research.md) | +1.9% | -0.8% |
| SBO | 2024-02-15 | [A Look at the USDA's Soybean Oil Projections for 2024-25](https://feedsoft.ai/events/31771-a-look-at-the-usda-s-soybean-oil-projections-for-2024-25.md) | -3.8% | -0.5% |
| SBO | 2020-06-04 | [USDA projects increase in sunflower production](https://feedsoft.ai/events/52727-usda-projects-increase-in-sunflower-production.md) | +0.5% | +1.3% |
| SBO | 2025-04-30 | [US soybean oil consumption for RD production hits all-time low](https://feedsoft.ai/events/25203-us-soybean-oil-consumption-for-rd-production-hits-all-time-low.md) | -1.6% | -0.9% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/AG/blogs/fundamentally-speaking/blog-post/2022/01/19/lower-us-soybean-meal-export

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