
A Rosario Stock Exchange analysis states that inflation-adjusted Chicago soymeal prices are at the same level as 26 years ago. Global meal use per kilo of livestock and aquaculture protein rose 46% from 2000 to 2026, while output grew 4.4 times to a projected 300 million tonnes in 2026/27.
Biofuel-driven crushing in the US and Brazil is cited as the cause of rising supply.
Supply growth from biofuel crushing has outpaced rising feed demand, keeping soymeal prices weak and supporting cheaper protein for feed formulators.
After 223 past bearish policy events, SBM moved a median -0.3% over 5 sessions (45% higher; middle half -2.2% to +1.2%), and -0.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.