PRODUCTION · CRUSHING · MEAL DEMAND
The soybean market
is really a processing market.
Why buyers of soy ingredients need to understand crushing economics, downstream demand and the relationship between oil and meal.
One bean.
Two major value streams.
Global soybean processing produces two economically important output streams: oil and meal. Changes in demand for either can influence crushing incentives and therefore the broader supply environment.
For ingredient buyers, this means soy markets cannot be understood purely by looking at agricultural production.
USDA forecast for global soybean crush in MY 2026/27.
USDA forecast growth in global soybean meal consumption for MY 2026/27.
Understand both meal demand and competing demand for oil.
Watch the system.
Not just the commodity quote.
A sophisticated sourcing view follows production, crushing capacity, meal demand, oil demand, logistics and regional processing conditions.
Those forces together shape the environment in which ingredient suppliers operate.