Agricultural prices shift due to multiple factors

On October 12, 2026, agricultural commodity prices changed due to several factors, including oil prices, weather, and market reports. Soybean prices on the Chicago Board of Trade (Cbot) dropped across all open contracts, with the most active November 2026 contract ending at 1,287.75 cts$/boiss., down 4.25 cts$/boiss. Other contracts also saw declines, though the nearest November 2026 contract for rapeseed increased slightly.

Rapeseed prices show mixed trends

Rapeseed prices on Euronext fell, with the most active February 2027 contract closing at 552.25 €/t, down 3.50 €/t. However, the nearest November 2026 contract rose by 15 €/t to 517 €/t. The Fob Moselle rapeseed, a key reference for French physical markets, dropped 3.50 €/t to 563.50 €/t for the January-March period.

Soybean prices influenced by market activity

Soybean prices on the Cbot were impacted by technical sales and fund activity, with new rains expected in some harvesting areas. The U.S. Department of Agriculture (USDA) was set to release its delayed weekly crop progress report on Tuesday at 18:00 Paris time. Analysts noted that recent soybean yield figures showed a month-on-month increase, but earlier data from certain producing states might differ from the latest numbers.

Export reports and international planting updates

The U.S. administration will also release its weekly report on export inspections on the same day. Internationally, planting in Brazil progressed faster than average, despite recent rains causing floods. In contrast, planting in Argentina had not yet begun. Soybean meal prices varied by contract, while soybean oil prices rose with crude oil prices.

Palm oil and sunflower prices remain stable

Palm oil prices in Kuala Lumpur increased, aligning with crude oil prices and higher export figures for the first ten days of October compared to September. The Malaysian Palm Oil Board (MPOB) September report showed record production of 2.12 Mt, with low export volumes of 1.12 Mt and final stocks at 3.51 Mt, exceeding analysts’ expectations. Edible sunflower prices in Saint-Nazaire delivery remained unchanged from one session to the next.

Production estimates and market updates

Bulgaria’s rapeseed production was estimated at 580,000 t for 2026 in October, compared to 450,000 t in September, while sunflower production reached 2.20 Mt for 2026 in October, up from 2.15 Mt in September. Germany’s soybean production was estimated at 133,800 t in October for 2026, a 16% decrease compared to the previous month but still higher than the previous year’s figure.

European markets and exchange rates

French physical markets showed no change in edible sunflower prices for the October-December 2026 contract in Bordeaux and Saint-Nazaire. Rapeseed prices in Rouen and Fob Moselle declined, with no canola quotations in Winnipeg due to the Canadian Thanksgiving holiday. Soybean meal prices for Brazil’s November and December contracts increased, while peas and commercial dairy product prices remained unchanged. The exchange rate showed 1 U.S. dollar equivalent to 0.8944 euro, and 1 euro equivalent to 1.1181 dollars. Crude oil prices on the New York Mercantile Exchange (Nymex) for November 2026 closed at 93.74 $. Maritime freight indices showed mixed changes across various indices.