Soybean oil futures settled with mixed moves after Chinese soybean buying rumors and a private export sale supported the broader soy complex. Weekly U.S. soybean oil export bookings were near expectations, leaving prices without a clear directional push.
Soybean oil prices were cited as falling, helping limit advances in Malaysian palm oil futures. Strong palm export expectations and higher Indian edible oil buying lent support, while weaker soybean oil and crude oil tempered the complex.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Soybean Oil | USA | FOB | USD 1,765.00/MT | June 2026 |
| Soybean Oil | Argentina | FOB | USD 908.03/MT | June 2026 |
| Soybean Oil | Spain | FOB | USD 1,479.36/MT | June 2026 |
| Soybean Oil | China | FOB | USD 1,257.29/MT | June 2026 |
| Soybean Oil | India | FOB | USD 1,526.39/MT | June 2026 |
| Soybean Oil | USA | FOB | USD 1,775.00/MT | May 2026 |
| Soybean Oil | Argentina | FOB | USD 1,087.00/MT | May 2026 |
| Soybean Oil | Spain | FOB | USD 1,547.57/MT | May 2026 |
| Soybean Oil | China | FOB | USD 1,269.48/MT | May 2026 |
| Soybean Oil | India | FOB | USD 1,554.94/MT | May 2026 |
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Asia
In China, monthly average Soybean Oil prices were ~RMB 8.64/kg in the first two months of Q2’26. In India, monthly average Soybean Oil prices were ~INR 146.83/kg in April and ~INR 147.72/kg in May, showing a marginal increase. China’s market stayed under pressure as high soybean crushing increased domestic soybean oil supply faster than demand. Commercial soybean oil stocks rose from 880,000 tons in late May to about 1.2 MMT by mid-June, reducing buying urgency. Food processing and catering demand also remained slow, keeping end-users focused on immediate needs. India stayed slightly firmer as import dependence and steady edible oil consumption supported prices, but the wider Asian tone was capped by China’s inventory build and ample soybean arrivals.
Europe
In Spain, Soybean Oil prices were ~EUR 1.51/kg in April and ~EUR 1.33/kg in the subsequent month, showing a ~12.3% decrease. The decline was mainly driven by weaker industrial use and reduced biofuel pull. European soybean oil demand faced pressure as biofuel producers shifted toward alternative oils, waste oils, and residue-based feedstocks. Policy-related costs also made soybean-based biofuel less attractive, adding pressure on demand. With more soybean oil moving toward external markets instead of being absorbed locally, Spanish prices corrected sharply during Q2.
North America
In the United States, Soybean Oil prices were ~USD 1,624.00/MT in April and ~USD 1,775.00/MT in the following month, showing a ~9.3% increase. The rise was driven by firm domestic absorption and tighter nearby supply. Biofuel demand remained the strongest support, with soybean oil use for biofuels above 1.2 billion lb in April. At the same time, May crush slowed during maintenance, and soybean oil inventories fell 12.0% from April to the lowest level in five months. Weak export sales limited the upside, but domestic biofuel demand kept the market firm.
Analyst Insight
According to Procurement Resource, soybean oil prices are likely to stay mixed. High inventories and weak food-service demand in China may limit price gains in Asia, while strong biofuel demand in the United States could continue to support prices in North America.
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Asia
In the first quarter of 2026, soybean oil price curve witnessed range-bound movements in the Indian markets. The prices at INR 98.36/kg in January and INR 99.10/kg in March. The prices increased about 0.73% from the previous quarter. Domestic sentiment was impacted by policy developments, as India agreed to allow duty-free imports of U.S. soybean oil and DDGS under a new trade framework, triggering concerns over cheaper inflows and weighing on oilseed complex prices. Although throughout the quarter the market remained stable with minimal fluctuations, but in March geopolitical tensions in the Middle East disrupted key maritime routes, increasing freight and insurance costs and delaying cargo movements. These logistical disruptions tightened short-term availability and supported prices, while overall demand remained stable, preventing sharp price movements.
Europe
The European soybean oil market experienced stable to largely consolidated conditions, influenced by global trade flows and import dependency. Elevated international prices and logistical disruptions impacted procurement strategies, while expectations of incoming South American supply prevented sustained price increases. Market participants remained cautious amid volatility in global vegetable oil markets, with steady downstream demand from food and biofuel sectors maintaining baseline consumption. Adequate supply availability and shifting trade dynamics ensured prices remained within a controlled range.
North America
In Q1’26, the soybean oil price trend witnessed mixed movements in the North America region. Initially, the prices of soybean were stable to firm driven by biofuel blending expectations. Meanwhile, the impact of the Iran war on the market remained limited as ample supply expectations, particularly from South America, limited aggressive upward movement. Export demand remained supportive, while evolving trade policies influenced global competitiveness and trade flows.
Analyst Insight
According to Procurement Resource, soybean oil prices are expected to remain range-bound, with supply availability, policy shifts, and logistical uncertainties continuing to influence the driving attributes.
Soybean or better known as the soya bean is a species of legume native to East Asia. It is extensively grown for its edible bean, that comes with several benefits. The conventional unfermented food uses of soybeans include soy milk, from which tofu and tofu skin are prepared or can be produced or prepared. Fermented soy foods include soy sauce, fermented bean paste, natto, and tempeh.
Vegetable oil, Biodiesel, Condiment for salads, Printing ink and oil paint formulations, Fixative
Bunge Limited, The Archer Daniels Midland Company, Cargill, Incorporated, Adams Group, CHS Inc., Grain Millers Inc
CurrencyUS$ (Data can also be provided in local currency)
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In this process, first soybeans undergo cracking process and then heated at a temperature ranging between 60-88oC or 140-190 °F. These are further rolled into flakes and solvent-extracted with hexanes. The oil obtained is finally refined and blended for distinct applications, and often hydrogenated.
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This report provides the cost structure of xanthan gum production by the fermentation method. In this process, a well-aerated medium containing carbohydrate, a nitrogen source, dipotassium phosphate, and other trace elements is inoculated with Xanthomonas campestris.
Fatty Acid - C14 Manufacturing Plant Project Report thoroughly focuses on every detail that encompasses the cost of manufacturing. Our extensive cost model meticulously covers breaking down expenses around raw materials, labour, technology, and manufacturing expenses. This enables precise cost structure optimization and helps in identifying effective strategies to reduce the overall cash cost of manufacturing.
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