Global soybean meal price today

The price of Soybean Meal updated on 09/07/2026 is trading at 357.00 USD/ust, equivalent to approximately 10,261,444 VND/ton. Compared to the previous trading session, the price of this commodity recorded an increase of 0.51%, corresponding to a positive difference of 1.80 USD (about 51,738 VND/ton). This is the highest price within the 30-day fluctuation range, establishing a stable growth trend for this agricultural commodity group in the Vietnamese market.

According to market analysis reports, the average price of Soybean Meal in the current month is maintaining at 303.93 USD/ust (about 8,736,024 VND/ton), a sharp increase compared to the average price of only 68.48 USD/ust last month. This strong breakthrough shows that upward price pressure from the global supply chain is directly impacting the import costs of raw materials for domestic animal feed production.

Price movements in recent days show a continuous recovery from 351.70 USD in early September to the current level of 357.00 USD. Specifically:

• 09/07/2026: 357.00 USD/ust (10,261,444 VND/ton)
• 09/06/2026: 354.85 USD/ust (10,199,645 VND/ton)
• 09/04/2026: 354.85 USD/ust (10,199,645 VND/ton)
• 09/03/2026: 356.30 USD/ust (10,241,323 VND/ton)

On the international market, Soybean Meal is traded in ust and quoted in USD.

Soybean meal belongs to the Agricultural products group. This is one of the commodity groups commonly traded on world commodity exchanges.

Soybean Meal prices, a key livestock feed ingredient, are influenced by various complex factors in global and domestic markets. The main factors can be categorized into market supply-demand, weather conditions, trade policy, and geopolitics.

Regarding supply and demand, the supply mainly comes from major soybean-producing countries such as the US, Brazil, and Argentina. Global soybean production, processing capacity, and inventories are the decisive factors for soybean meal supply. On the demand side, demand for animal feed (for livestock, poultry, and aquaculture) is the primary driver, especially in Vietnam. The health and scale of the livestock industry, along with the prices of alternative proteins (such as fishmeal, rapeseed meal), will directly affect soybean meal consumption demand.

Other factors include weather in key soybean-growing regions, where phenomena such as droughts or floods can reduce yields and drive prices up. Trade policies of major importing and exporting countries (e.g., tariffs, quotas) can alter commodity flows and price structures. Finally, geopolitical events (such as US-China trade tensions) and macroeconomic fluctuations (such as the USD exchange rate, oil prices, inflation) also play an important role in shaping soybean meal prices on the international market.

Soybean meal prices in the coming period are expected to be influenced by various fundamental and technical factors, indicating a likelihood of maintaining a sideways trend or a slight decrease within a certain range.

Fundamental factors:

• Supply: The soybean harvest in South America, particularly Brazil, is in its final stages with production expected at record highs, significantly adding to global supply. Argentina is also recovering production after last year's drought. This creates downward price pressure. However, weather conditions in the US during the upcoming planting season will be a key risk factor, potentially affecting supply prospects in the second half of the year and creating price volatility.
• Demand: Demand from the livestock industry, especially China, remains the main pillar. Despite signs of recovery, growth rates may slow due to economic pressures and challenges within the livestock sector. A strong USD also makes soybean meal more expensive for importing countries, which could limit demand.

Technical factors: Soybean meal prices have experienced a period of high volatility and currently show signs of consolidation around key support levels. Technical indicators suggest the market is in a phase of seeking a new equilibrium. Strong resistance levels may limit short-term upside, while support levels will act as a floor if selling pressure arises.

Trend Forecast: In the short to medium term, the soybean meal market may continue to experience a tug-of-war. Pressure from abundant South American supply and the strength of the USD could keep prices in a sideways or slightly downward trend. However, any concerns about adverse weather in the US during the planting season or a stronger-than-expected recovery in global livestock demand could trigger unexpected price rallies. Investors and businesses should closely monitor weather reports, production estimates, and macroeconomic developments to make appropriate decisions.

At the current time, the Soybean Meal market is showing complex signals from both fundamental and technical factors, requiring investors to be cautious. Based on an integrated analysis, we recommend that investors consider a strategy of waiting for clearer signals or executing trades within a narrow range with strict risk management. Note: This is for reference only and is not investment advice.

In terms of fundamental analysis, Soybean Meal prices in USD/ust are being influenced by several key factors:

• Supply: Forecasts for global soybean production, especially from major producers like Brazil and Argentina, are key factors. Favorable weather in South America could increase supply and create downward price pressure, while concerns about drought or excessive rain could push prices up. Soybean and soybean meal inventories in the US and major consuming regions also need to be closely monitored.
• Demand: Demand from the livestock industry (cattle, poultry, aquaculture) remains the main driver, especially from China. Any changes in import policies, disease situations (e.g., African Swine Fever), or the pace of economic recovery could significantly impact the demand for soybean meal for animal feed.
• Other factors: Fluctuations in the USD exchange rate and crude oil prices also impact production and transportation costs, indirectly affecting Soybean Meal prices.

In terms of technical analysis:

• Soybean Meal prices in the short term may be showing a sideways trend or fluctuating within a certain range after previous sharp increases/decreases. Technical indicators such as RSI and MACD may be showing neutral signals, not clearly leaning towards buying or selling.
• Key support levels need to be maintained to avoid further downward momentum, while resistance levels need to be broken with sufficiently large trading volume to confirm an upward trend. Investors should closely monitor these thresholds to determine reasonable entry/exit points.

In summary, the balance between potential supply from the new crop and stable demand from the livestock industry is creating a price context that is not very clear. Therefore, the recommendation is to further observe market developments, especially reports on production, inventories, and other macro factors before making major trading decisions.