
ANEC forecasts Brazil's soybean meal exports in October 2026 could reach 2.49 million tons, up 763 thousand tons or about 44% year on year. Higher shipments could increase competition in international markets, especially in China.
A larger Brazilian meal export flow adds supply to global markets, which tends to pressure soybean meal prices, particularly for importers such as China. Future direction will depend on feed industry demand.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% 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.