Soybean Meal Prices

29-01-2026 - Over the past month, the price of Soybean Meal (CME) has seen a slight decrease, moving from 298.8 ¢/t to 297.8 ¢/t, indicating a relatively stable market with minimal price fluctuations. The forecast, however, predicts an increase to 303.3 ¢/t, up 1.8% from the current price, suggesting a generally upward trend. This forecast comes with the risk of potential market volatility affecting raw material prices.

The current forecast presents mixed signals. While technical data suggests a price decrease of -1.8¢/t, driven by Trend Following (-2.4¢/t), Demand, Flows, and Supply data indicate upward pressure, with a combined impact of 3.2¢/t, suggesting potential price increases.

Recent analyses offer a bearish outlook for the soybean market, predicting potential price declines in the coming month. Factors contributing to this include record U.S. production, weak Chinese demand, and global oversupply. For instance, July 2025 futures have fallen to $9.69 per bushel, a 5.43% decrease from the previous month and a 5.18% decline from the same period in 2024. Additionally, trade tensions between the U.S. and China have significantly reduced U.S. soybean exports to China, with Brazil now supplying 71% of China's imports compared to the U.S.'s 21%.

This analysis contrasts with the forecast's suggestion of an upward trend in soybean prices.