Soybean futures finished Monday with modest gains after weekly crop condition ratings slipped one point. Export inspections remain below last year's pace, and traders are positioning ahead of Wednesday's USDA production and supply-demand estimates.
Deferred soybean futures spreads remain at bullish levels heading into harvest, suggesting commercial traders expect tighter supplies into next spring. Strong domestic crush demand and potential Brazilian crop risks support the view, though improved US weather has trimmed some of the bullishness.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Soybean | China | FOB | USD 665.75/MT | June 2026 |
| Soybean | India | CIF | USD 753.30/MT | June 2026 |
| Soybean | USA | FOB | USD 468.00/MT | June 2026 |
| Soybean | Brazil | FOB | USD 486.87/MT | June 2026 |
| Soybean | Canada | CIF | USD 488.00/MT | June 2026 |
| Soybean | China | FOB | USD 663.79/MT | May 2026 |
| Soybean | India | CIF | USD 731.13/MT | May 2026 |
| Soybean | USA | FOB | USD 426.23/MT | May 2026 |
| Soybean | Brazil | FOB | USD 219.30/MT | May 2026 |
| Soybean | Canada | CIF | USD 436.23/MT | May 2026 |
Stay updated with the latest Soybean prices, historical data, and tailored regional analysis
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.
Analyst Insight
According to Procurement Resource, soybean prices may remain capped by Brazilian export supply and higher U.S. acreage. However, strong crush demand and weather risk could prevent a deeper correction.
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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.
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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