China lowered its 2026/27 soybean production forecast by 590,000 tons due to reduced area and yields. Despite unchanged import outlook, the smaller harvest and higher costs are expected to keep domestic soybean prices firm or rising.
Black Sea logistics disruptions are reducing sunflower meal flows to China, widening the price spread between soybean meal and rapeseed meal futures. The expanded spread is shifting Chinese feed producers toward rapeseed meal inclusion, altering relative demand dynamics for soybean meal. Canadian rapeseed recovery and US soybean price trends are cited as key factors to watch going forward.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Soybean | China | FOB | USD 666.86/MT | August 2026 |
| Soybean | India | CIF | USD 757.65/MT | August 2026 |
| Soybean | USA | FOB | USD 497.84/MT | August 2026 |
| Soybean | Brazil | FOB | USD 485.75/MT | August 2026 |
| Soybean | Canada | CIF | USD 522.84/MT | August 2026 |
| Soybean | China | FOB | USD 663.35/MT | July 2026 |
| Soybean | India | CIF | USD 770.16/MT | July 2026 |
| Soybean | USA | FOB | USD 459.00/MT | July 2026 |
| Soybean | Brazil | FOB | USD 526.94/MT | July 2026 |
| Soybean | Canada | CIF | USD 467.50/MT | July 2026 |
Stay updated with the latest Soybean prices, historical data, and tailored regional analysis
Asia
Soybean markets in Asia strengthened as China remained the major demand centre and changes in sourcing patterns influenced global trade flows. China’s soybean imports reached 74.11 million tonnes during January–August 2026, up 1.1% year on year, highlighting continued import requirements despite pressure on domestic crushing margins and feed demand. Brazilian shipments to China increased 5% to 55.14 million tonnes, while US shipments declined 34% to 10.66 million tonnes during the same period. However, sourcing shifted again toward the US during Q3 as Chinese buyers resumed purchases ahead of the planned bilateral meeting. The renewed buying provided support to international markets, while high Chinese inventories and weaker livestock feed demand limited the upside.
Europe
European soybean markets faced increasing supply-chain and compliance pressure during Q3. FEFAC estimated a potential soybean meal supply gap of at least 5 million tonnes for the 2026–27 marketing year, reflecting concerns over sourcing availability and limited substitution options. Heat and drought were also expected to reduce the European soybean crop by 10–15%, potentially increasing reliance on imports. Meanwhile, upcoming EUDR requirements added compliance considerations for buyers, particularly regarding traceability and deforestation-free sourcing. Black Sea trade disruptions further complicated regional procurement and logistics, increasing the importance of alternative supply origins.
North America
North American soybean markets remained supported despite expectations of a record US crop. USDA raised the 2026/27 US soybean production forecast to 4.535 billion bushels, but increased exports to 1.69 billion bushels, while ending stocks were reduced to 310 million bushels. US soybean sales commitments for 2026/27 had reached 758 million bushels, more than double the comparable level a year earlier, reflecting stronger international demand. China’s renewed purchasing and hot, dry weather across key growing areas also supported market sentiment, while weaker-than-expected US crushing activity provided some offset.
Analyst Insight
According to Procurement Resource, soybean markets are likely to remain sensitive to Chinese procurement, US export commitments, crop conditions, European sourcing requirements, and evolving global trade policies.
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Asia
In China, Soybean prices were about RMB 4.48/kg in April and ~RMB 4.49/kg in May, showing a marginal increase. China’s May soybean imports reached 11.79 MMT, while January-May arrivals stood at 36.94 MMT, showing that demand stayed active even after some monthly softness. Heavy Brazilian supply kept crushers well covered and reduced aggressive spot buying. In India, Soybean prices were around INR 67.07/kg in April and ~INR 69.46/kg in May, showing a approx. 3.6% increase. Soybean prices moved higher as local buying improved and domestic availability was tighter compared with China, giving the market stronger near-term support.
Europe
European soybean sentiment stayed softer in Q2’26 as import and crush demand weakened. EU soybean imports for 2026/27 were projected at 13.7 MMT, lower than the previous season, while crush demand was also expected to decline. The main pressure came from weaker crushing margins, wider use of alternative oilseeds, and policy-related compliance costs. Soybean meal remained important for poultry and swine feed, but demand was not strong enough to create a sharp rise in soybean buying. Policy uncertainty around deforestation compliance and biofuel use also reduced confidence among industrial buyers, keeping Europe more cautious than Asia.
North America
North American soybean prices were pressured by comfortable supply, but strong crush demand limited the downside. U.S. soybean planted area was estimated at 85.4 million acres, up from the previous year, while June 1 stocks stood at 1.06 billion bushels, showing better availability. At the same time, crush demand remained firm, supported by soybean meal exports and soybean oil use in biomass-based diesel. Drought risk gave some support, with part of the crop area facing dry conditions, but faster planting progress and larger acreage kept the market balanced.
The soybean or soya bean is a legume species native to East Asia. These beans are extensively grown for its edible bean, which has numerous uses. One of the conventional unfermented food uses of soybeans include soy milk, from which tofu and tofu skin are made.
Dairy Products, Dishes, Sauces, Adhesives, Paper Coating Agent
Soya bean, Glycine max, Dolichos soja L., Glycine angustifolia Miq.
Cargill, Incorporated, Archer Daniels Midland Company (ADM), Grain Millers, Inc, Corteva Agriscience
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Soybean is sowed by farmers. For this, seed drillers or a plough can also be utilised. It takes them about 3-5 months to be ready for harvesting.
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