# Slowest Soybean Meal Export Pace in Eight Years

> US soybean meal export sales through mid-November totaled 4.60 million tonnes, the lowest in four years for that point in the marketing year and 42.3% of USDA's export projection. Domestic meal demand is also weak due to cheap wheat, abundant corn byproducts and low livestock margins.

- Date: 2016-12-01 · published 2016-12-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/73550-slowest-soybean-meal-export-pace-in-eight-years
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Weak export and domestic offtake leaves US meal supplies heavy relative to demand, which pressures soybean meal prices even as soybeans and soybean oil rally.

## Read by commodity

- SBM: bearish ▼
- DDGS: neutral

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/fundamentally-speaking/blog-post/2016/12/01/slowest-soybean-meal-export-pace

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