EN 
PT_BR 
Soybean meal prices continue to rise in Brazil and the United States, driven by strong global demand for the derivative. According to data released by the Center for Advanced Studies in Applied Economics (Cepea), the share of soybean meal in the processing margin of industries has increased again in recent days, reaching new highs.
The movement occurs against a backdrop of rising soybean meal prices in both countries. According to data released by Cepea, the increased share of the derivative in the so-called "crush margin" indicates a change in the composition of the margin obtained by industries in the processing of the oilseed.
Between July and August, Conab made some soybean meal storage units available in certain Brazilian states. According to data released by Cepea, this move may have limited the industries' interest in selling.
With less interest from industries in making part of the product available and given the strong global demand for the derivative, soybean meal prices remained firm during the period analyzed.
In São Paulo, the behavior of the processing margin also reflected the appreciation of soybean meal. According to data released by Cepea, the calculation considers the prices of soybeans, soybean meal, and soybean oil traded in the region.
In this scenario, the share of soybean meal in the "crush margin" reached its highest level since October 2024.
The result reinforces the importance of soybean meal in generating profit margins for soybean processing industries, at a time of strong global demand for the derivative.
According to data released by Cepea, the market share of soybean meal has increased again in recent days, reaching new highs in both Brazil and the United States.
