COMMODITY SUBSCRIPTION · SCOPE & METHOD · NOT AN OFFER
Soybean MealSubscription Report
HS 230400 · bulk
NINE PAGES · REGISTRATION OPEN · NO FEE IS BEING COLLECTED YET
PRICE BASIS · CUSTOMS RECORD · COUNTERPARTY REGISTER — READ FROM FREE, CITED SOURCES
01The record on this commodity
02What it is, and what H-α does with it
03The nine pages, what each does, and a line from each
COMMODITY SUBSCRIPTION REPORT · PREPARED BY H-α TRADE INTELLIGENCE
2026-11-07
H-α · TRADE INTELLIGENCE
Soybean Meal Subscription Report
THE RECORD
I.The record on this commodity
| WHAT IS HELD | COUNT | BASIS |
|---|
| Buyers | 124 | named companies |
| Sellers | 99 | named companies |
| Countries | 27 | in the record |
| Ports | 5 | worked by the book |
| Customs lanes | 41 | cut from declarations |
| Declarations | 11,366 | latest year, on those lanes |
| Prices | 2 | legs on the desk |
| Pursuit lanes | 35 | lanes on the board |
| Freight routes | 6 | container · drawn |
| Port hubs | — | no inland leg is on file for this commodity yet |
| Specifications | 6 | in the grade table |
| Named sources | 2 | all free to consult |
THE COMMODITY
II.What Soybean Meal is, and what H-α does with it
Soybean meal is the protein half of the soybean crush and the world's principal feed protein. It prices on protein content — 46 per cent hipro is the US and Brazilian standard, Argentina ships 46/47, India 48 — and a point of protein is worth roughly one and a half to two per cent of value. Argentina, Brazil, the United States, Paraguay and India carry export supply; the European Union, Southeast Asia, North Africa and the Gulf carry demand. Urease activity proves the meal was properly toasted, which is a safety specification, not a preference.
What the subscription does with it
The subscription reads the declared record on the meal heading rather than on beans, keeps crushers, traders, feed mills and importers in one book, and audits a proposed trade against the registry's own specification set — protein, fibre, moisture, fat, urease, sand and silica — with each grade's own protein basis. The price basis is the series the registry names, aged from its own print date.
The registry’s note on the headings this subscription reads:
Oilcake and other solid residues from soyabean oil extraction
The registry’s caveat on the price anchor:
Soymeal is the most price-transparent market on this desk. The intel edge is strong and the broker's information edge is correspondingly weak — value sits in counterparty and lane, not in price discovery.
THE NINE PAGES
III.The nine pages, what each does, and a line from each
OPEN01Market Today
447.00 USD/MT · U.S. soymeal, 48% protein, average weekly price, FOB Rotterdam, from January 2025 · World Bank Pink Sheet · print 2026-09
OPEN02Intel
Soybeans — crush input (World Bank Pink Sheet) · 524.00 · World Bank Pink Sheet 'Soybeans' — the CRUSH INPUT, not a meal price · World Bank Pink Sheet · print 2026-09
OPEN03Customs
BO → PE · 4,148 declarations · unit value median 340.00 · last seen 2026-10-25
OPEN04Register
one register record · buyer · US · new-orleans · unset
OPEN05Trade Audit
Protein % baseline 46.0 · 6 specs checked: protein pct, fibre pct, moisture pct, fat pct
OPEN06Pursuit
PY → AR · still needs recent trade, named parties
OPEN07Deal Maker
insurance % of CIF 0.055 · discharge USD/MT 0.7 · destination inland USD/MT 0.75 · typical cargo MT 45000
OPEN08Freight
apapa-lagos → new-orleans · container · High volume · 2 sellers · 11 buyers
OPEN09Logistics
no line can be drawn for this page on any commodity yet