# The New Reality of the International Soybean Meal Market

> An analysis from Agronews and BCR says Chicago soybean meal prices, adjusted for US inflation, are at about the same level as 26 years ago. Global soybean meal output has grown to a projected 300 million tonnes in 2026/27, driven by rising livestock demand for meal per unit of protein. Biofuel-driven crushing in the US and Brazil is adding meal supply indirectly.

- Date: 2026-11-01 · published 2026-11-02T19:37:11.782Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/75655-the-new-reality-of-the-international-soybean-meal-market
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Strong crush for biofuels keeps meal supply heavy, which caps meal prices even as feed demand grows. Feed buyers may find meal cheap in real terms, but the outlook is for ample supply rather than a near-term spike.

## Read by commodity

- SBM: neutral

## Sources

- agronews.ar: https://agronews.ar/agroindustria/la-nueva-realidad-del-mercado-internacional-de-harina-de-soja/

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