Soybean Oil
CME soybean oil futures were higher through Wednesday, compared to Wednesday of the prior week. Spot soybean oil futures have rallied 13.7% since the beginning of 2026
U.S. soybean market share in China fell to 15% in 2025, down from 21% a year earlier, data from China's General Administration of Customs showed, as buyers turned to South American suppliers. Brazil's share of the market surged to 73.6% in 2025, up from 71% in 2024, while Argentina saw its share jump to 7% from just 4% the previous year
According to Successful Farming, Brazil's 2025/26 soybean crop is expected to reach 181 million metric tons, agribusiness consultancy Ag Rural said on Monday, raising its forecast from a previous 180.4 million tons
Heating oil prices have rallied 29% since January 7, providing additional tailwinds for the soybean oil market, due to improved renewable diesel margins, according to analysts
Canola
- The Intercontinental Exchange spot canola seed futures were slightly higher this week
- Chinese importers secured up to 10 Canadian canola cargoes following Prime Minister Mark Carney's visit to Beijing earlier this month, two trade sources told Reuters, easing supply tightness and potentially displacing Australian exports
- Canola oil basis offers through Q3 remained firm this week, as reported by cash dealers
Palm
- Palm oil prices on the Kuala Lumpur Commodity Exchange were higher this week, following the lead of the soybean oil market
- Cash palm oil is trading at a discount to soybean oil in the global cash markets
- Seasonally declining production in Indonesia and Malaysia, coupled with festival-period buying and palm oil’s price discount to soybean oil, continue to support demand, according to analysts
Mayo & Margarine
- The CME soybean oil market, palm oil prices on the Kuala Lumpur Commodity Exchange and the USDA butter market were all higher this week
Commodity Trends at Your Fingertips: Dive into the Farmer's Report
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