Global soybean meal prices are temporarily rising

The soybean meal market experienced a sharp price surge following China’s resumption of US soybean purchases, sparking a frenzy on the CBOT. The price of Argentine soybean meal reached $360/t on November 13, a 13-month high and 20% higher than the September average.

However, OilWorld (Germany) analysts note that the price surge is speculative in nature and lacks fundamental support. Fundamental market factors remain unchanged, and price volatility is directly linked to Chicago futures.

Fundamentals point to a future decline. The US expects record processing levels and meal production of 55 million tonnes in the 2025/26 season, 2 million tonnes higher than last year. Domestic demand is unable to absorb this volume, forcing US processors to increase exports, putting significant pressure on global prices. The current price increase is expected to quickly return to normal levels.

According to OleoScope, the price of Daylian soybean meal (China) for November delivery on November 26, 2025, was $425.82 per tonne, up $1.93 per tonne from the previous price of $423.88 per tonne on November 25, 2025. This is the highest price in a week.

Tags: prices, soybean meal