More U.S. Soybean Meal Is Coming. Mapping Global Demand for 2026/27.

More U.S. Soybean Meal Is Coming. Where Will It Go?

Mapping Global Demand and U.S. Export Opportunities for 2026/27.

The global soybean meal market is entering 2026/27 with stronger demand, expanding crush capacity, and growing competition among exporters. Following record U.S. soybean meal exports in 2025/26, the key question is no longer whether the United States can export more — but where those additional volumes will go.

This 38-page report provides an independent assessment of the 2026/27 U.S. soybean meal outlook, combining historical USDA data, country-level trade analysis, supply and demand fundamentals, and Demetrica’s proprietary forecasting framework. The report examines how USDA’s expectations for 2025/26 global soybean meal demand evolved throughout the marketing year and why consumption and trade ultimately proved stronger than initially anticipated. It then looks forward to 2026/27, identifying the markets most likely to absorb additional U.S. soybean meal exports and the conditions required for another record year.

Inside This Report

• Executive Summary

• The Call We Made — and What Happened Next

• How Much Did USDA Underestimate 2025/26?

• Why Was Global Soybean Meal Demand Stronger?

• Where Did the Additional U.S. Soybean Meal Go in 2025/26?

• 2026/27: Where Does the Next Increment of U.S. Soybean Meal Go?

• Conclusion: The Market Is Moving Faster Than the Baseline

Key Topics Covered:

• Why global soybean meal demand exceeded earlier expectations in 2025/26

• How USDA forecasts evolved as stronger consumption and trade became evident

• Demetrica’s methodology for evaluating global soybean meal demand

• 2026/27 global soybean meal demand outlook

• U.S. soybean crush expansion and implications for meal availability

• U.S. soybean meal export outlook and record-export potential

• Market-by-market assessment of major growth opportunities

Who This Report Is For:

Agribusiness executives, commodity traders, soybean processors, feed manufacturers, livestock and poultry companies, agricultural economists, market analysts, exporters, importers, investors, and professionals involved in global oilseed and protein meal markets.

Report Details:

Format: Digital PDF

Length: 38 pages

Publication Date: August 2026

Geographic Coverage: United States and global soybean meal markets

Forecast Period: 2026/27 Marketing Year

Publisher: Demetrica

Language: English

Important:

This is a digital analytical report. No physical product will be shipped. The report is provided for the purchaser’s internal use and is subject to Demetrica copyright and usage restrictions.