
ANEC forecasts Brazil's soybean meal exports at 2.49 million tonnes in October 2026, up 763,000 tonnes from a year earlier. The growth is expected to add to global supply and put downward pressure on prices.
Chinese buyers could benefit from lower import costs.
Larger Brazilian soybean meal shipments add supply to a major export market, which would weigh on soybean meal prices and cap competing exporters' pricing power.
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.