Soybean Meal Prices

03-04-2026 - Over the past month, the price of Soybean Meal (CME) has experienced a modest increase, climbing from 310.5 ¢/t to 315.2 ¢/t. This reflects a slight rise in the cost of this crucial raw material. The forecast for Soybean Meal (CME) is 315.0 ¢/t, a minor decrease of 0.2 ¢/t or -0.1% from the current price of 315.2 ¢/t, suggesting a generally stable trend with minimal risk of significant price fluctuations.

The forecast indicates a downward price impact of -2.2 ¢/t, largely influenced by Flows data, particularly Exchange Rates and Seaborne Imports & Exports. Although Demand and Supply data suggest upward pressure, Flows and Technical data point to a decline in raw material prices.

Recent market analyses support this forecast, predicting a potential decrease in soybean futures prices. On April 1, 2026, May soybean futures closed down 2½ cents at $11.68½ per bushel, indicating a bearish market sentiment. Analysts attribute this downturn to news of a possible resolution to the Iran conflict, which has affected commodity prices. Additionally, the USDA's recent reports were considered neutral, with slight increases in corn acreage and soybean stocks, but not significant enough to shift market perspectives. This information aligns with the forecasted downward trend in soybean prices.