US soybean meal could strengthen its position in the EU market

The upcoming implementation of the EU Deforestation Regulation (EUDR) could make US soybean meal more attractive to European importers. Rising prices for Argentine and Brazilian products are providing additional support for US supplies, making American soybean meal more competitive in the European market.

According to Platts, Argentine soybean meal for October shipment was priced at $404.10/t FOB Up River on September 3, up 4.6% from a week earlier. At Brazil’s Paranaguá port, the price reached $414.02/t FOB, rising 3.6% over the week.

The EU has already significantly increased purchases of US soybean meal. Imports from the US reached 547.5 thsd tons in 2025/26 MY, compared with 251.5 thsd tons in 2024/25 MY, more than doubling year-on-year. However, US shipments remain significantly lower than those from the leading South American producers.

According to S&P Global Energy CERA, Argentina is expected to export around 29.5 mln tons of soybean meal in 2025/26 MY, virtually unchanged from the previous season. Brazil’s exports are forecast at 27 mln tons, up 4.2% year-on-year. In the fourth quarter of 2026, the EU could import a total of around 7.7 mln tons of soybean meal.

Prices in the European market are also rising. As of September 4, soybean meal was priced at €400/t FOB Netherlands and €403/t EXW Spain, with both quotations up €18/t from the previous week. The combination of high prices in Europe and South America and the new EUDR requirements could create additional opportunities for US soybean meal exports to the EU.

Tags: USA, Argentina, Brazil, EU, soybean meal