Soy prices drop on Chicago Board of Trade

On October 15, 2026, soy prices on the Chicago Board of Trade (Cbot) fell significantly, with the most actively traded November 2026 contract closing at 1,263 cts$/bushel, down 14.25 cts$/bushel. Other contracts also saw declines, with all Cbot soy contracts falling between -10.50 and -14.25 cts$/bushel.

Rapeseed prices decline on Euronext

On Euronext, rapeseed prices fell, with the most active February 2027 contract closing at 554.75 €/t, down 4.50 €/t. The November 2026 contract, which is set to close on November 5, saw a decline of 22.25 €/t, reaching 499.75 €/t. The Fob Moselle rapeseed, a key reference price in France, fell to 557 €/t.

U.S. soy meal and oil prices fall

In the United States, soy meal and soy oil prices also declined on Thursday, with September crushing figures lower than those of the same month last year according to Nopa. Delays in harvesting, limiting the available crushing material, are cited as a reason for this temporary weakness.

Brazil revises soy production forecast upward

In Brazil, the Conab revised its forecast for soy production upward, citing an increase in sown area that compensates for a decline in yields. The institution expects strong grain exports and increased use of seeds for biodiesel production. In Brazil, rains in the Center West region and cooler temperatures are seen as positive signals by analysts.

China resumes soybean purchases from the U.S.

China resumed soybean purchases from the United States, buying 330,000 t of soybeans, a move already factored into prices earlier in the week. The USDA also announced sales of 283,450 t of soybeans to undisclosed destinations. The United States sold more than 1 Mt of soybeans in two days, with at least 800,000 t going to China.

Ukraine resumes sunflower seed exports to Bulgaria

Ukraine has resumed sunflower seed exports by road to Bulgaria after a month-long interruption, attributed to minimum export price requirements in Ukraine. However, Bulgarian buyers are increasingly turning to maritime deliveries, which makes the resumption of exports from Ukraine fragile according to UkrAgroConsult and Agro Grot.

French crops benefit from rain but face pest risks

In France, rains have been beneficial for crops but have also brought extreme mildness, necessitating close monitoring of pests. In Winnipeg, canola prices fell between 10 and 11 Canadian dollars per tonne for the three nearest contracts, with the November 2026 contract closing near the 800 CAN$/t level.

Sunflower oil prices remain unchanged in France

The prices of sunflower oil delivered in Saint-Nazaire, a key reference point in France, remained unchanged from one session to the next. Physical markets in France on October 15, 2026, showed no change in sunflower oil prices delivered in Bordeaux and Saint-Nazaire.

Soy production in Brazil reaches a record

The fundamentals for the 2026/2027 campaign show a record soy production in Brazil at 181.617 Mt, an increase of 0.7% compared to the previous campaign. In the United States, soy crushing reached 1,053 billion pounds, the lowest since November 2014, below analysts' expectations.

Soy sales exceed expectations in September

In the United States, soy sales to undisclosed destinations amounted to 283,450 t for the 2026/2027 campaign. The combined soy sales by the United States and Brazil in September reached 920,000 t, exceeding analysts' expectations by 200,000 t according to UkrAgroConsult and Oilworld.

Exchange rate and commodity prices on October 15

The exchange rate on October 15, 2026, showed 1 U.S. dollar equivalent to 0.8922 euros. The closing prices on the Chicago futures market for soy, soy meal, and soy oil were 1,263.00 cts$/bushel, 359.80 $/t, and 67.15 cts/pound, respectively.

Maritime freight indices show mixed results

Maritime freight indices on October 14 showed declines in the Baltic Dry Index (BDI) by 134.00, the Baltic Panamax Index (BPI) by 23.00, and the Baltic Capesize Index (BCI) by 364.00. The Baltic Supramax Index (BSI) increased by 12.00, and the Baltic Handysize Index (BHSI) increased by 3.00.