# Falling Derivative Prices Squeeze Soybean Crushing Margins

> Prices for soybean meal and soybean oil weakened in Brazil in early November, squeezing processors’ crushing margins, according to Cepea/Esalq-USP. The article attributes the declines to subdued buying by animal nutrition, biodiesel and food-refining businesses, which have comfortable supply contracts and inventories; Northern Hemisphere harvest arrivals also increased global soybean availability and competition.

- Date: 2026-11-09 · published 2026-11-09T15:06:56.369Z
- Category: market · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/89630-falling-derivative-prices-squeeze-soybean-crushing-margins
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Slower demand for meal and oil reduces processors’ willingness to buy soybeans, while greater global availability adds pressure to soybean prices. Weaker meal and oil values also directly weigh on soybean meal and soybean oil prices.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼

## Sources

- ruralnews.agr.br: https://ruralnews.agr.br/nacional/soja/derivados-em-queda-comprimem-margem-de-esmagamento-da-soja

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