# Aquaculture: A Growing Opportunity for U.S. Soy - U.S. Soybean Export Council

> The USDA Foreign Agricultural Service highlighted aquaculture as a growing outlet for soybean meal, reprinted by the U.S. Soybean Export Council. It notes fishmeal prices have recently tracked soybean meal prices more closely, falling to around $1,300/ton in 2017 as soy-based alternatives such as pelletized soy concentrate gain use.

- Date: 2018-02-12 · published 2018-02-12T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/66575-aquaculture-a-growing-opportunity-for-u-s-soy-u-s-soybean-export-council
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Growing use of soybean meal in aquafeeds adds demand for soymeal and creates a substitution link that ties fishmeal prices to soymeal prices.

## Read by commodity

- SBM: bullish ▲
- FISHMEAL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2023-01-17 | [Demand for U.S. Soy Remains Strong Near Term - U.S. Soybean Export Council](https://feedsoft.ai/events/10666-demand-for-u-s-soy-remains-strong-near-term-u-s-soybean-export-council.md) | -8.4% | -1.6% |
| SBM | 2023-09-13 | [Tighter Global Oilseed Supplies Calls for Greater Operational Efficiencies - U.S. Soybean Export Council](https://feedsoft.ai/events/34138-tighter-global-oilseed-supplies-calls-for-greater-operational-efficiencies-u-s.md) | -3.1% | -7.7% |
| SBM | 2023-01-12 | [U.S. reduces corn, soybean harvest views - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/13310-u-s-reduces-corn-soybean-harvest-views-agweek-1-source-for-agriculture-news.md) | -4.3% | -4.2% |
| SBM | 2016-05-11 | [With a USDA Shrinking Forecast, Soybean Futures Soared – Schad Commodity](https://feedsoft.ai/events/6524-with-a-usda-shrinking-forecast-soybean-futures-soared-schad-commodity.md) | +2.4% | +15.7% |
| SBM | 2024-02-01 | [Cebu offers much opportunities for US agri exporters, says USDA report - PortCalls Asia](https://feedsoft.ai/events/31786-cebu-offers-much-opportunities-for-us-agri-exporters-says-usda-report-portcalls.md) | -3.8% | -9.7% |

## Sources

- ussec.org: https://ussec.org/news/aquaculture-growing-opportunity-u-s-soy/

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