{
  "id": 17048860,
  "title": "Brazil soybean meal prices post sharpest daily drop since April after presidential election",
  "url": "https://urgent.news/2026/10/29/brazil-soybean-meal-prices-post-sharpest-daily-drop-since-april-after",
  "topic": "world",
  "section": "World",
  "published": "2026-10-29T11:00:31.000Z",
  "source": {
    "name": "Hellenic Shipping News",
    "slug": "hellenic-shipping-news",
    "url": "https://www.hellenicshippingnews.com/brazil-soybean-meal-prices-post-sharpest-daily-drop-since-april-after-presidential-election/"
  },
  "original_language": "en",
  "account": "Brazilian soybean meal export prices experienced their largest single-day drop since mid-April on October 26, plummeting to their lowest point since late August. The decline was attributed to domestic market volatility following the surprise reelection of President Luiz Inácio Lula da Silva. Platts, a division of S&P Global Energy, reported that FOB Paranaguá soybean meal for December shipment was assessed at $384.92 per metric ton on October 26, a $14.22 decrease from the previous day, marking the steepest drop on a single day since April 16, when prices fell $24.58 per metric ton.\n\nThe price decline pushed spot FOB Paranaguá soybean meal to its lowest level since August 24. The market reacted to Lula’s reelection, with the US dollar surging over 10% against the Brazilian real on October 26, bolstering domestic soybean origination and putting pressure on Chicago Board of Trade futures, which fell nearly 2%. Brazilian producers reportedly sold around 800,000 metric tons of soybeans on October 26, a significant volume for a single day and nearly as much as traded over the entire previous week.\n\nDespite the downward trend in FOB prices, analysts at S&P Global Energy CERA anticipate Brazil to export 26.50 million metric tons of soybean meal in the 2025-26 marketing year (January-December), and up to 28 million metric tons in 2026-27. Preliminary data from Brazil’s Foreign Trade Secretariat showed that soybean meal exports totaled 1.10 million metric tons during the first 11 working days of October, which represents a 19% increase week over week and a 3% increase year over year. If this trend continues through the end of the month, exports could reach approximately 2.30 million metric tons, surpassing the current forecast of 2.20 million metric tons.",
  "summary": "Brazilian soybean meal export prices posted their steepest daily decline since mid-April on Oct. 26 and fell to their lowest level since late August, as domestic markets were rattled by the surprise reelection of President Luiz Inácio Lula da Silva. Platts, part of S&P Global Energy, assessed FOB Paranaguá soybean meal for December shipment at ...",
  "key_points": [
    "Brazilian soybean meal prices dropped sharply by $14.22 per metric ton on October 26.",
    "Decline attributed to domestic market volatility after Lula's reelection.",
    "Spot FOB Paranaguá soybean meal reached lowest level since August 24."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}