| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Soybean | China | FOB | USD 656.81/MT | April 2026 |
| Soybean | India | CIF | USD 706.69/MT | April 2026 |
| Soybean | USA | FOB | USD 463.00/MT | April 2026 |
| Soybean | Brazil | FOB | USD 722.81/MT | April 2026 |
| Soybean | Canada | CIF | USD 743.81/MT | April 2026 |
| Soybean | China | FOB | USD 653.17/MT | March 2026 |
Stay updated with the latest Soybean prices, historical data, and tailored regional analysis
Asia
In Q1’26, the soybean price graph witnessed a slight upward trend in the Chinese markets. Soybean prices at 4.60 CNY/kg (Spot FD) in January and 4.67 CNY/kg in March, which reflected a minor increase of 1.64%. The soybean price analysis suggested that the strong import dependence of the region and shifting trade flows toward South America were the primary reasons for the trend. The region saw higher import activity from the refined oil and animal feed sector during the quarter.
The festivities linked to Spring Festival and Chinese New Year also supported the procurement for the commodity. However, sufficient global supply limited sharper upward movement despite steady consumption trends. Although the prices remained stable in the earlier months, the Middle East conflict impacted soybean trade indirectly. Higher freight rates and insurance costs along with the delays in cargoes, tightened the soybean availability and pushed the prices higher by the close of the quarter.
Europe
The European soybean market remained largely influenced by global trade dynamics and import dependency. Supply flows were shaped by strong exports from South America, while logistical disruptions and elevated freight costs affected procurement strategies. Market participants remained cautious amid shifting trade routes and geopolitical uncertainties impacting shipping and supply chains. Demand from feed and food sectors remained stable, ensuring consistent import requirements, while adequate global availability prevented significant price volatility across the region.
South America
In the South America markets, the soybean prices remained largely stable fluctuating within a narrow range in the first quarter of 2026. Soybean prices were at prices were about BRL 1.95/kg in January and around BRL 1.94/kg (FOB) in March. A slight decline of 0.57% in the prices was witnessed amid the sea route disruptions during the peak harvest season. This increased supply availability during the harvest period and limited export flows, particularly toward key importing regions such as China. However, weather-related disruptions during the harvest phase intermittently tightened supply, keeping the prices in stable range.
Analyst Insight
According to Procurement Resource, soybean prices are expected to remain range-bound with mild upward support, as strong export demand and supply disruptions offset the impact of ample global production.
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| Product | Category | Region | Price | Last Updated Month |
| Soybean | Agriculture, Farming and Commodity | China | 599 USD/MT | October 2025 |
| Soybean | Agriculture, Farming and Commodity | China | 615 USD/MT | December 2025 |
| Soybean | Agriculture, Farming and Commodity | Brazilian | 410 USD/MT | October 2025 |
| Soybean | Agriculture, Farming and Commodity | Brazilian | 421 USD/MT | December 2025 |
Asia
Asian soybean markets experienced a slight upward price movement during the fourth quarter, driven primarily by tightening global supply expectations. Chinese import patterns demonstrated notable changes as trade relations with the United States gradually normalized following earlier tensions. The prices were about 599 USD/MT (Spot FD) in October and around 615 USD/MT in December. After sourcing predominantly from South American origins during the first half of the year, Chinese buyers resumed purchases from US suppliers as bilateral negotiations advanced. This procurement adjustment provided support to regional pricing throughout the quarter.
Import volumes maintained steady levels as domestic crushing demand remained consistent, with soybean meal requirements from livestock and aquaculture sectors sustaining baseline consumption. Indian markets reflected similar firmness as import costs increased alongside international benchmark movements. Processing margins across the region came under pressure as soybean oil imports from competing origins created oversupply in derivative markets. Despite this challenge, raw soybean values strengthened progressively as available supplies tightened and concerns emerged regarding South American production prospects for the upcoming harvest season.
Europe
European soybean markets followed global pricing patterns while managing regional supply requirements through diversified import sources. Processing facilities maintained regular operations with steady crushing activity to meet demand from protein meal and vegetable oil applications. Import flows originated primarily from South American suppliers, though some volumes from North American sources entered the market as trade flows normalized. Prices tracked upward movement observed in origin markets, with import parity costs rising through the quarter. Animal feed manufacturers continued steady purchases of soybean meal, though competition from alternative protein sources limited exceptional demand growth. Industrial consumption patterns remained stable, with food processing and oleochemical sectors maintaining consistent procurement levels.
South America
South American soybean markets displayed a fluctuating trajectory with a slight upward bias during the fourth quarter of 2025. The prices were about 410 USD/MT (FOB) in October and around 421 USD/MT in December in Brazilian markets. Early planting activities proceeded smoothly with favourable weather conditions supporting crop development across major producing regions. Export commitments remained strong as international buyers secured supplies ahead of the new harvest, particularly from Chinese importers who increased purchases throughout the period.
Argentine markets reflected similar patterns with prices responding to global demand signals and domestic policy considerations. Port premiums demonstrated variability as logistics capacity adjusted to accommodate export volumes. Regional pricing competitiveness strengthened relative to North American origins, supporting continued export momentum.
Analyst Insight
According to Procurement Resource, soybean prices are expected to face mixed pressures as tightening global fundamentals compete with seasonal harvest supplies and trade policy uncertainties.
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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