For the Quarter Ending June 2026
Soybean Oil Prices in North America
- In USA, the Soybean Oil Price Index rose 22.41% quarter-over-quarter, driven by strong export demand
- The average Soybean Oil price for the quarter was approximately USD 1569.33/MT amid elevated margins
- Tighter stocks pressured the Soybean Oil Spot Price as crushers diverted volumes to renewable diesel
- Export strength supports the Soybean Oil Price Forecast, though mid-year crop optimism may temper gains
- Higher labour and compliance expenses contributed to the Soybean Oil Production Cost Trend, supporting offers
- Renewable diesel pull and food demand underpin the Soybean Oil Demand Outlook despite substitution risks
- Rising crush output expanded inventories and softened the Soybean Oil Price Index, depressing export premiums
- Improved river logistics and normal plant operations increased flow to Gulf terminals, easing spot tightness
Why did the price of Soybean Oil change in June 2026 in North America?
- Larger soybean acreage and higher carryover stocks expanded crush availability, pressuring FOB values in June
- Softer futures and subdued export enquiries reduced buying interest, amplifying downward pressure on spot prices
- Improved barge and rail logistics restored flows to Gulf terminals, easing prior supply tightness
Soybean Oil Prices in South America
- In Brazil, the Soybean Oil Price Index rose by 1.35% quarter-over-quarter, supported by tight export demand.
- The average Soybean Oil price for the quarter was approximately USD 1225.33/MT, reflecting FOB Paranagua market levels.
- Paranagu export premiums influenced the Soybean Oil Spot Price amid crowded port queues and competitive global offers.
- Lower on-farm soybean costs supported margins, reinforcing the Soybean Oil Production Cost Trend toward continued processing profitability.
- Market participants' Soybean Oil Price Forecast anticipates modest mid-year weakening as abundant crush availability eases export tightness.
- The Soybean Oil Demand Outlook shows steady biodiesel base consumption but softening seaborne enquiries from Asia and Europe.
- Rising terminal stocks and normal logistics pressured the Soybean Oil Price Index despite periodic export inquiries supporting shipments.
- Crushers ran at high rates with no major outages, keeping supply ample and limiting near-term upward Soybean Oil momentum.
Why did the price of Soybean Oil change in June 2026 in South America?
- Heavy crush output from peak harvest increased exportable volumes, creating downward pressure on FOB values.
- Muted overseas buying as importers favored palm and sunflower oils reduced immediate demand for Brazilian cargoes.
- Stable B12 biodiesel blending absorbed baseline volumes, but delayed B15 implementation failed to lift domestic offtake.
Argentina
- In Argentina, the Soybean Oil Price Index rose by 4.92% quarter-over-quarter, driven by firmer export demand.
- Soybean Oil Spot Price tightened mid-June as crushers rationed spot export offers amid firm offshore bookings.
Soybean Oil Prices in APAC
- In China, the Soybean Oil Price Index fell by 2.28% quarter-over-quarter, driven by surplus supply.
- The average Soybean Oil price for the quarter was approximately USD 1115.33/MT, reflecting April-to-June weighting.
- Soybean Oil Spot Price eased as coastal crush surged, depressing basis and enlarging port inventories.
- Soybean Oil Price Forecast anticipates midyear weakness as ample crushing and Brazilian arrivals temper pressure.
- Soybean Oil Production Cost Trend rose as higher soybean differentials squeezed refiners' margins and competitiveness.
- Soybean Oil Demand Outlook remains weak as food-service normalized and biodiesel trials absorbed marginal volumes.
- Slow export enquiries and Sinograin releases pressured the Soybean Oil Price Index during June's settling.
- Smooth Yangtze logistics and adequate vessels eased freight, allowing exporters to clear barrels with discounts.
Why did the price of Soybean Oil change in June 2026 in APAC?
- Elevated crushing increased refined-oil availability, creating surplus spot supply relative to muted demand from buyers.
- Higher imported soybean differentials narrowed crush margins, constraining seller pricing power and limiting upward momentum.
- Efficient inland logistics and no reserve interventions allowed exporters to clear stocks, sustaining downward pressure.
India
- In India, the Soybean Oil Price Index rose by 2.59% quarter-over-quarter, driven by import arrivals.
- Soybean Oil Spot Price eased as South American cargoes raised coastal inventories and softened bids.
Soybean Oil Prices in Europe
- In Germany, the Soybean Oil Price Index rose by 4.51% quarter-over-quarter, reflecting tighter vegetable-oil balances overall.
- The average Soybean Oil price for the quarter was approximately USD 1389/MT. Delivered into Hamburg terminals.
- European Soybean Oil Spot Price remained pressured by ample South American export availability and subdued domestic buying.
- Analysts referenced the Soybean Oil Price Forecast indicating mild volatility amid biodiesel demand and freight cost influences.
- German refiners noted Soybean Oil Production Cost Trend upward due to elevated energy and refining tariffs.
- Soybean Oil Demand Outlook softened as biodiesel margins narrowed and food processors switched to rapeseed markets.
- Port inventory rebuilds and steady Rhine logistics influenced the Soybean Oil Price Index and import parity spreads.
- Origin supply from Brazil and US, plus operational continuity at Hamburg, tempered further upside in prices.
Why did the price of Soybean Oil change in June 2026 in Europe?
- Increased Atlantic export availability from Brazil and US widened spot offers, easing replacement costs for importers.
- Weak biodiesel margins reduced industrial soybean-oil intake, materially lowering immediate demand and pressuring inbound values.
- Stable Hamburg logistics and lower origin premiums combined to allow inventories to rebuild, reflecting bearish market dynamics.
Netherlands
- In the Netherlands, the Soybean Oil Price Index rose by 2.86% quarter-over-quarter, supported by steady crush rates and export enquiries.
- Soybean Oil Spot Price softened in June as ample ARA inventories pressured sellers, prompting more competitive Rotterdam offers.
Ukraine
- In Ukraine, the Soybean Oil Price Index fell by 0.11% quarter-over-quarter, reflecting neutral export demand.
- Soybean Oil Spot Price firmed; exporters secured cargoes, tightening availability and supporting the Price Index.
For the Quarter Ending March 2026
Soybean Oil Prices in North America
- In USA, Soybean Oil Price Index rose by 15.7% quarter-over-quarter, driven by tight crush supplies.
- The average Soybean Oil price for the quarter was approximately USD 1282.00/MT, reflecting firm crush margins.
- Observed Soybean Oil Spot Price strength occurred as Chicago FOB offers tightened amid export and renewable-diesel buying.
- Soybean Oil Price Forecast anticipates modest volatility as Production Cost Trend adjusts with feedstock and energy expenses.
- Soybean Oil Demand Outlook remained bullish due to record Renewable Fuel Standard mandates boosting renewable-diesel offtake.
- Inventory draws and prioritized export loadings pressured domestic stocks, supporting the Soybean Oil Price Index near highs.
- Rail bottlenecks and seasonal logistics disruptions constrained processor throughput, affecting margins and the Production Cost Trend.
- Robust export enquiries to Mexico and South Korea underpinned offers, reflecting a firm Soybean Oil Demand Outlook internationally.
Why did the price of Soybean Oil change in March 2026 in North America?
- Tight nearby soybean supplies from rail delays reduced crush-derived oil availability, pressuring domestic price levels higher.
- Record Renewable Fuel Standard mandates and resilient renewable-diesel demand intensified feedstock competition, raising offer prices sharply.
- Elevated export shipments and favorable international premiums pulled volumes from inland stocks, tightening the Price Index regionally.
Soybean Oil Prices in APAC
- In China, the Soybean Oil Price Index rose by 13.19% quarter-over-quarter, driven by tight stocks.
- The average Soybean Oil price for the quarter was approximately USD 1141.33/MT, reflecting export demand.
- Soybean Oil Spot Price firmed on inventory draws as crushers passed higher imported soybean costs.
- Soybean Oil Production Cost Trend increased as futures rose, compressing crush margins and curbing runs.
- Soybean Oil Demand Outlook stays constructive as food-service restocking and regional export inquiries absorb barrels.
- Soybean Oil Price Forecast indicates modest near-term volatility as seasonal buying offsets supply improvements slightly.
- Soybean Oil Price Index sensitivity to freight and insurance surcharges may amplify imported cost pass-through.
- Port-side inventories tightened, exporters accelerated loadings, and refiners curtailed discretionary runs amid stricter night audits.
Why did the price of Soybean Oil change in March 2026 in APAC?
- Tighter soybean arrivals reduced feedstock availability, constraining crush throughput and supporting higher FOB Shanghai quotations.
- Strong regional restocking after Lunar New Year intensified export demand, drawing down limited port inventories.
- Higher imported soybean costs raised crushers' break-even, prompting sellers to lift export offers and FOB.
Soybean Oil Prices in Europe
- In Germany, the Soybean Oil Price Index rose by 2.78% quarter-over-quarter, reflecting tighter import availability.
- The average Soybean Oil price for the quarter was approximately USD 1329.00/MT, based on CFR Hamburg costs.
- Soybean Oil Spot Price strengthened as South American offers tightened and Hamburg berth constraints limited cargoes.
- Soybean Oil Price Forecast suggests modest near-term gains driven by biodiesel demand and seasonal food-industry restocking patterns.
- Soybean Oil Production Cost Trend rose on processing energy costs and higher origin basis in South America.
- Soybean Oil Demand Outlook remains constructive from food processors and biodiesel esterifiers despite limited sunflower substitution availability.
- Soybean Oil Price Index displayed month-on-month rises with March firm from weather-related logistical delays affecting origins.
- Elevated import premiums and lean port-to-factory inventories supported the Price Index and curtailed downside price risks.
Why did the price of Soybean Oil change in March 2026 in Europe?
- South American export offer increases and weather-related loading delays reduced immediate spot availability into Hamburg.
- Sustained German demand for biodiesel blending and food processing prompted forward buying and limited market slack.
- Minimal euro movement meant currency effects were neutral while origin basis and certificates maintained higher landed costs.
Soybean Oil Prices in South America
- In Brazil, the Soybean Oil Price Index rose by 7.59% quarter-over-quarter, supported by export demand.
- The average Soybean Oil price for the quarter was approximately USD 1209.00/MT, FOB Paranagua monthly.
- Soybean Oil Spot Price strengthened; Price Index gains reflected tight export slots despite harvest arrivals.
- Soybean Oil Price Forecast remains mildly bullish with biodiesel blending, robust exports, and speculative positioning.
- Soybean Oil Production Cost Trend edged up as higher natural gas, diesel increased extraction expenses.
- Soybean Oil Demand Outlook improved as India and EU procurement accelerated, supporting FOB Paranagua shipments.
- Soybean Oil Price Index movements were influenced by port logistics, seller offers and inventory turnover.
- Export demand strength and attractive crushing margins helped underpin upward pressure on FOB Price Index.
Why did the price of Soybean Oil change in March 2026 in South America?
- Stronger export bookings tightened immediate availability, raising FOB premiums despite ample national harvest and crush.
- Rising energy and fuel costs increased extraction and transport expenses, feeding into higher FOB prices.
- Elevated biodiesel stocking and proactive buyer hedging absorbed incremental output, sustaining upward price momentum domestically.
For the Quarter Ending December 2025
North America
- In USA, the Soybean Oil Price Index fell by 5.73% quarter-over-quarter, due to ample supply.
- The average Soybean Oil price for the quarter was approximately USD 1108.00/MT, per Chicago averages.
- Soybean Oil Spot Price weakened as crush volumes, palm competition pressured export and domestic quotations.
- Soybean Oil Price Forecast indicates modest downside pressure because inventories remain ample and buyers cautious.
- Soybean Oil Production Cost Trend remains supported as abundant soybeans sustain profitable crusher margins industrywide.
- Soybean Oil Demand Outlook is mixed; biodiesel mandates support volumes while exports softened this quarter.
- Soybean Oil Price Index movements showed pipeline inventory pressure, steady crush rates limiting upward momentum.
- Nearby logistics remained fluid, reducing transportation premiums and reinforcing Chicago FOB weakness across Soybean Oil.
Why did the price of Soybean Oil change in December-2025 in North America?
- Abundant crush output and carryover stocks increased supply, depressing spot and FOB Chicago price realization.
- Weaker export demand from traditional buyers reduced vessel nominations and narrowed Gulf premiums on cargoes.
- Lower heating oil prices reduced biodiesel margins, muting blending-related procurement and limiting domestic price support.
APAC
- In China, the Soybean Oil Price Index rose by 1.34% quarter-over-quarter, due to export demand.
- The average Soybean Oil price for the quarter was approximately USD 1008.33/MT. reflecting balanced supply.
- Soybean Oil Spot Price firmed as inventories thinned and export interest supported Shanghai FOB parcels.
- Soybean Oil Production Cost Trend rose with South American premiums and firmer global soybean futures.
- Soybean Oil Demand Outlook stayed muted domestically but strengthened via record export enquiries to India.
- Soybean Oil Price Forecast signals near-term pre-holiday strength followed by normalization after shipment delays expected.
- The Soybean Oil Price Index rose as exporters cleared stocks and overseas buying supported offers.
- Chinese crushers kept high run-rates, influencing spot availability while freight pressures affected FOB competitiveness abroad.
Why did the price of Soybean Oil change in December 2025 in APAC?
- Higher imported soybean costs from South American weather concerns increased crusher breakevens, applying cost-push pressure.
- Stronger export enquiries from Southeast Asia and India reduced available spot barrels, supporting Shanghai FOB.
- High domestic crusher run-rates limited spot inventory builds while logistics and freight shaped export competitiveness.
Europe
- In Germany, the Soybean Oil Price Index fell by 0.92% quarter-over-quarter, reflecting abundant imports and weak demand domestically.
- The average Soybean Oil price for the quarter was approximately USD 1293.00/MT, reported in Germany.
- Soybean Oil Spot Price remained pressured as abundant Latin American arrivals kept landed values low.
- Soybean Oil Price Forecast indicates modest near-term softness amid subdued buying and competitive exporter offers.
- Soybean Oil Production Cost Trend remained stable with mild easing in feedstock and freight-related costs.
- Soybean Oil Demand Outlook stayed weak as processors and biodiesel blenders deferred purchases, reducing inventories.
- High inventories supported Soybean Oil Price Index weakness while palm and rapeseed competition amplified substitution.
- Port logistics and steady freight kept supplies flowing, limiting tightness and constraining any price recovery.
Why did the price of Soybean Oil change in December 2025 in Europe?
- Ample Latin American arrivals increased port inventories, outpacing domestic demand and depressing CIF price levels.
- Seasonally weak food and industrial consumption reduced buying, sustaining bearish Price Index momentum through December.
- Stable freight and smooth logistics prevented supply disruptions, keeping landed costs low and maintaining pressure.
South America
- In Brazil, the Soybean Oil Price Index rose by 5.67% quarter-over-quarter, reflecting tighter spot availability and stronger export enquiries.
- The average Soybean Oil price for the quarter was approximately USD 1123.67/MT, reflecting shipments and FOB adjustments.
- Soybean Oil Spot Price tightened as farmer selling slowed and port pipelines absorbed increased exporter demand.
- Soybean Oil Price Forecast signals modest gains into 2026 driven by seasonal demand and constrained year-end crush throughput.
- Soybean Oil Production Cost Trend remained stable as natural gas costs held steady, limiting downward pressure.
- Soybean Oil Demand Outlook is balanced-to-firm with biodiesel blend increases and renewed Asian and European purchasing interest.
- Inventory draw potential and active export enquiries lifted the Soybean Oil Price Index despite ample regional oilseed supplies.
- Crushers reduced throughput during maintenance and delayed planting, tightening supplies and supporting short-term FOB premiums.
Why did the price of Soybean Oil change in December 2025 in South America?
- Tighter spot availability from slower farmer selling and seasonal maintenance reduced immediate exportable soybean oil volumes.
- Stronger overseas enquiries ahead of holidays and biodiesel blend changes drew supply, lifting FOB premiums in December.
- Logistical delays from interior rains and lower crush throughput constrained port loadings, tightening short-term market balances.
For the Quarter Ending September 2025
North America
- In the USA, the Soybean Oil Price Index rose by 8.9% quarter-over-quarter, in Q3 2025, supported by policy and demand.
- The average Soybean Oil price for the quarter was approximately USD 1175.33/MT.
- Soybean Oil Spot Price strengthened amid rising overseas demand and tight near-term supply.
- Soybean Oil Price Forecast remains cautious amid policy uncertainty and global edible oil competition.
- Soybean Oil Production Cost Trend supported higher seed costs and crushing margins.
- Soybean Oil Demand Outlook indicates continued appetite from biodiesel and food sectors.
- Soybean Oil Price Index reflects elevated freight, logistics and export activity.
- Inventory levels remained ample, limiting immediate supply fears but sustaining price support.
- Major producers' operations remained stable, preventing sudden supply gaps and boosting confidence.
Why did the price of Soybean Oil change in September 2025 in North America?
- Supply dynamics: robust biodiesel demand and export activity supported price movement amid seasonal supply tightness globally across regions.
- Cost pressures: rising feedstock costs and crushing margins kept prices firm against softer domestic demand expectations internationally.
- Logistics: seasonal bottlenecks and freight costs continued to influence September pricing in North America noticeably amid congestion persistent.
APAC
- In China, the Soybean Oil Price Index fell by 0.6% quarter-over-quarter, reflecting oversupply.
- The average Soybean Oil price for the quarter was approximately USD 995/MT.
- Soybean Oil Spot Price faced downward pressure from abundant local supply, competitive global offers, and delayed shipments.
- The Soybean Oil Price Forecast remains cautious due to substitution risks, inventory overhang, and seasonal demand volatility.
- Production Cost Trend for Soybean Oil rose on higher processing energy consumption, freight costs, and tighter refinery margins.
- Demand Outlook remains tempered by palm-oil substitution, slower regional demand recovery, and inventory-led cautious buying.
- Soybean Oil Price Index signaling fragile balance as exports compete with domestic consumption and seasonal shifts.
- Inventory levels remain elevated, constraining price gains despite steady export demand and proactive stockpiling by buyers.
- Export logistics improved later, potentially supporting price discipline, smoother cargo flows, and gradual market stabilization.
Why did the price of Soybean Oil change in September 2025 in APAC?
- Tighter global edible oil supply, logistics bottlenecks, and rising freight costs constrained September prices in APAC.
- China's domestic crushing output and stockpiling limited export gains, dampening price momentum in the quarter.
- Substitution by palm oil and biodiesel demand muted upside potential despite firm demand from processors.
Europe
- In Germany, the Soybean Oil Price Index rose by 7.11% quarter-over-quarter in Q3 2025, supported by demand resilience.
- The average Soybean Oil price for the quarter was approximately USD 1305/MT globally.
- Soybean Oil Spot Price softened amid global oversupply and regional inventory buildup.
- Soybean Oil Price Forecast remained cautious as currency and feedstock costs swing upward.
- Soybean Oil Production Cost Trend shows pressure from energy inputs evolving across EU and global markets.
- Soybean Oil Demand Outlook remains steadily supported by biodiesel and food sectors amid cautious procurement.
- Soybean Oil Price Index signals volatility amid shifting import strategies and global policy changes.
- Soybean Oil Spot Price dynamics reflect port congestion and freight cost fluctuations seasonally.
- Soybean Oil Price Index remains sensitive to euro-dollar rates and global export quotas amid policy shifts.
Why did the price of Soybean Oil change in September 2025 in Europe?
- Supply tightness in exporting regions constrained available cargoes and supported European imports amid seasonal shifts.
- Rising freight costs and port bottlenecks elevated landed prices for buyers in Europe.
- Currency volatility and demand shifts from biodiesel and food sectors influenced pricing.
South America
- In Brazil, the Soybean Oil Price Index rose 16.42% quarter-over-quarter in Q3 2025, due to tight supply and demand strength.
- The average Soybean Oil price for the quarter was approximately USD 1063.33/MT, reflecting global demand.
- Soybean Oil Spot Price stayed firm due to export tightness and biodiesel demand, supported by seasonal demand by buyers.
- Soybean Oil Price Forecast remains cautious amid steady demand and improving crop outlook and near-term.
- Soybean Oil Production Cost Trend rose with higher input costs and logistics pressures globally across regions.
- Soybean Oil Demand Outlook shows resilient overseas demand, especially from Asia this quarter as harvest season approaches.
- Soybean Oil Price Index signals quarterly volatility from logistics and macro shifts in markets worldwide globally.
Why did the price of Soybean Oil change in September 2025 in South America?
- Strong overseas demand from Asia as winter stocking boosts imports into the region globally and markets for processors.
- Rising production costs and biodiesel blending commitments tighten domestic supply and support sustained prices across regional markets worldwide.
- Logistics bottlenecks at ports and currency movements constrained export flows, underpinning persistent price firmness throughout Q3 period.
