# Why soybean meal might be the next big thing

> Soybean meal futures peaked in spring 2021 after USDA tightened supply estimates, then fell as ending stocks rose through summer reports. The October 12 USDA report cut 2021/22 ending stocks to 400 thousand short tons, and December futures rebounded from near $309 support.

- Date: 2021-10-21 · published 2021-10-21T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/44613-why-soybean-meal-might-be-the-next-big-thing
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower projected meal stocks after the October report support meal prices, and a rebound from support suggests the price floor may be forming for feed buyers. Meal is a key protein input, so tighter supply lifts feed costs.

## Read by commodity

- SBM: bullish ▲
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2025-12-08 | [Tighter times ahead for the soybean market \| articles \| ING THINK](https://feedsoft.ai/events/21531-tighter-times-ahead-for-the-soybean-market-articles-ing-think.md) | -1.5% | -3.0% |
| SBM | 2020-10-09 | [Soybeans rally on tight new crop ending stocks](https://feedsoft.ai/events/50665-soybeans-rally-on-tight-new-crop-ending-stocks.md) | +3.6% | +8.0% |
| SBM | 2020-01-20 | [Soybean: Prices on the rise in the new season \| CLAL News](https://feedsoft.ai/events/55116-soybean-prices-on-the-rise-in-the-new-season-clal-news.md) | -0.9% | -2.8% |
| 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% |
| 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% |
| SOY | 2025-03-11 | [World soybean stockpiles might be smaller than they seem](https://feedsoft.ai/events/25614-world-soybean-stockpiles-might-be-smaller-than-they-seem.md) | +1.6% | -1.7% |
| SOY | 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) | +2.6% | +1.7% |
| SOY | 2024-06-13 | [Three Things Currently Impacting The Soybean Market](https://feedsoft.ai/events/29785-three-things-currently-impacting-the-soybean-market.md) | -1.9% | -3.6% |

## Sources

- farmprogress.com: https://www.farmprogress.com/commentary/why-soybean-meal-might-be-the-next-big-thing

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