EN 
PT_BR After a full semester of decline, soybean meal prices rebounded internationally in August. On the Chicago Board of Trade (CBOT), the price increased by 5%, closing the month at USD 282.4 per ton. The movement was driven by the shutdown of crushing plants in the United States for maintenance, which generated fears of lower supply in the short term. Despite the recovery, the average price for the month was the second lowest of 2025.
Soybean oil, in turn, retreated again in Chicago after four months of appreciation, falling 3.7% to USDc 53.2/lb. The devaluation followed the almost 5% drop in crude oil during the period.
Photo: Disclosure/OPR Archive
In the domestic market, the scenario was different: both soybean meal and soybean oil registered increases. In Campinas (SP), soybean meal rose 4%, while in Rondonópolis (MT) the increase was 1.1%, reaching R$ 1,481/t. Soybean oil, on the other hand, appreciated by 4.4% in Mato Grosso, to R$ 6,219/t, driven by strong demand from the biodiesel sector. Since the implementation of B15, consumption has remained high, guaranteeing price support even in the face of external declines.
Analysts point out that the movement reinforces the disconnect between the domestic market and the CBOT. The trend is for gradual increases until the end of the season, supported by firm shipments, strong demand, and industrial margins increasingly dependent on oil as the main payer for crushing.
Despite the rise in prices of refined products, crushing margins continued to decline in August, pressured by the appreciation of soybean grain.
