EN 
PT_BR 
Soybean meal continues to face strong pressure in the international market, recording its sixth consecutive monthly decline in July in Chicago. The product fell 6.2% compared to June, reaching a level below US$$269 per ton, reflecting the high supply resulting from increased global crushing, which exceeded demand.
In contrast, soybean oil appreciated significantly, rising 9% in July to US$$ per pound, consolidating its fourth consecutive monthly gain. This movement reflects solid international demand and supported palm oil, which rose 3% in the month to US$$ per ton, supported by the appreciation of the soybean derivative.
Photo: Disclosure/OPR Archive
In the domestic market, soybean meal also fell by 6.1% in July compared to June, pressured by international prices and competition from Argentine soybeans, which reduced premiums paid in Brazil. Soybean oil, meanwhile, regained its value after two months of decline, rising by 4% in Mato Grosso, reaching R$ 5,955 per ton, boosted by the entry into force of the B15 regime on August 1.
From January to July 2025, soybean meal exports totaled 14 million tons, 5% above the same period in 2024. Soybean oil shipments reached 1 million tons, an increase of 16.5% over last year.
The market remains attentive to supply and demand dynamics, with bran under pressure from high stocks and oil supported by domestic and international demand.
