# Global soybean meal production will be at record high in 2017 - 2018.

> Oil World forecasts global soybean meal production will rise 4.1% in 2017-2018 to 231.5 million tonnes. Global soybean exports are expected to grow by 2 million tonnes to 67.5 million tonnes, and drought in other regions is seen lifting demand for soybeans and processed products.

- Date: 2017-07-28 · published 2017-07-28T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/70042-global-soybean-meal-production-will-be-at-record-high-in-2017-2018
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A record meal supply is bearish for protein feed prices, although drought-driven demand for oilseeds could partly offset that pressure.

## Read by commodity

- SBM: bearish ▼
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2017-06-29 | [In 2017 – 2018г. global production of oil meals will reach a new record](https://feedsoft.ai/events/70616-in-2017-2018-global-production-of-oil-meals-will-reach-a-new-record.md) | +8.6% | +9.4% |
| SBM | 2017-08-10 | [USDA Forecasts Record-High Soybean Production in 2017](https://feedsoft.ai/events/69299-usda-forecasts-record-high-soybean-production-in-2017.md) | -3.9% | -1.4% |
| SBM | 2022-07-14 | [Brazil to produce record amount of soybean meal, oil amid higher crush margins \| S&P Global](https://feedsoft.ai/events/40581-brazil-to-produce-record-amount-of-soybean-meal-oil-amid-higher-crush-margins-s.md) | -9.1% | +4.9% |
| SBM | 2017-01-26 | [U.S. Soybean Production and Use (January 2017) - Soy Meal Info Center](https://feedsoft.ai/events/73063-u-s-soybean-production-and-use-january-2017-soy-meal-info-center.md) | -2.1% | -3.6% |
| SBM | 2019-10-28 | [Russian sunflower seed & soybeans: new record in production](https://feedsoft.ai/events/56682-russian-sunflower-seed-and-soybeans-new-record-in-production.md) | +0.2% | -1.4% |
| SOY | 2022-07-14 | [Brazil to produce record amount of soybean meal, oil amid higher crush margins \| S&P Global](https://feedsoft.ai/events/40581-brazil-to-produce-record-amount-of-soybean-meal-oil-amid-higher-crush-margins-s.md) | -8.8% | +6.3% |
| SOY | 2017-09-19 | [Corn and soybean production outlook in 2017-18 \| Illinois Extension \| Illinois](https://feedsoft.ai/events/68799-corn-and-soybean-production-outlook-in-2017-18-illinois-extension-illinois.md) | +0.4% | +2.4% |
| SOY | 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) | +1.6% | +3.2% |

## Sources

- grainsprices.com: https://grainsprices.com/article/12951

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