Global soybean prices rise 7% amid strong export demand
Global soybean prices have risen by around 7% over the past month, according to the IGC. The market has been supported by higher energy prices, firm domestic and international demand, and active Chinese purchases for MY 2026/27 delivery.
Nearby soybean futures in Chicago gained 8% over the month. By early September, US soybean export commitments were 102% higher year on year, while FOB Gulf export prices rose 7% to $530/t.
Brazilian export prices also strengthened. Soybeans FOB Paranagua increased by $32 to $540/t, supported by tightening spot availability and steady export demand.
The rapeseed market also remains relatively firm. Canola FOB Vancouver rose to $630/t, while Australian rapeseed FOB Kwinana increased to $573/t. At the same time, USDA raised its forecast for global rapeseed production in MY 2026/27 to nearly 100 mln tons.
In vegetable oils, palm and soyoil are being supported by strong demand, while sunflower and rapeseed oils have eased slightly due to weaker import demand and expectations of ample supplies in MY 2026/27.
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