# Drop in soybean product prices reduces crushing margins

> Lower demand from consumers already supplied for the medium and long term pushed down soybean meal and oil prices in early November, narrowing crushers’ margins. Weak demand for the coproducts also weighed on soybean prices, although weather concerns across Brazilian growing regions limited the declines.

- Date: 2026-11-09 · published 2026-11-10T12:08:12.974Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/91604-drop-in-soybean-product-prices-reduces-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

Weaker meal and oil demand reduces crushers’ returns and can curb their willingness to bid for soybeans, pressuring the soybean complex. Weather risks in Brazil provide some support to soybean prices.

## Read by commodity

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

## Sources

- comprerural.com: https://www.comprerural.com/queda-nos-precos-dos-derivados-reduz-margem-de-esmagamento-de-soja/

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