Soybean prices show mixed results

On October 30, 2026, soybean prices on the Chicago Board of Trade (Cbot) ended in a mixed manner. The most active January 2027 contract closed at 1,234.25 cts$/bushel, down 0.50 cts$, while the second most traded March 2027 contract closed at 1,243.75 cts$, up 0.25 cts$.

Later contracts show varied trends

Prices rose slightly for the July 2027 contract but declined for subsequent contracts. Rapeseed prices on Euronext increased, with the most traded February 2027 contract closing at 555.25 €/t, up 1.75 €/t, and the second most exchanged May 2027 contract closing at 557 €/t, up 2.25 €/t.

Rapeseed and soybean oil show different patterns

The August 2027 term, the third most active, closed at 533 €/t. The November term is closed. The Fob Moselle rapeseed, a reference on French physical markets, rose. Soybean oil prices showed a general increase before sharply declining in the latter part of the session, leading to a mixed outcome for the contracts.

Weekly soybean price decline

Over the week, soybean prices lost approximately thirty cts$/bushel. Market operators expect a slight delay in the U.S. harvest due to slightly adverse weather conditions, with the USDA's weekly Crop Progress report expected to provide more details.

USDA export sales activity

The USDA announced two new export sales for the 2026/2027 campaign without specifying the destinations, with market observers expecting at least one sale to be to China. Spain has been particularly active in the market according to the weekly export sales published by the USDA.

South American weather impacts

Internationally, favorable weather conditions in South America, particularly in Argentina, have supported sowing, while in Brazil, concerns are rising about the effects of El Niño on plant development in November and December. Soybean meal prices on U.S. markets closed lower, while soybean oil prices finished with a slight increase.

Rapeseed and oilseed market trends

Rapeseed and other oilseeds rose slightly, influenced by the performance of the U.S. soy complex and the palm oil market in Asia. The regional letter from Terres Inovia notes that in the Normandie Ouest Île-de-France region, the situation remains less alarming than in other major basins, though late or irregular germination has penalized some rapeseed crops, particularly in the east and south of Eure, the south of Orne, and Île-de-France.

Canola and palm oil prices increase

Cautiousness is advised regarding larvae. Canola prices in Winnipeg rose on the three most traded contracts, with the May 2027 contract closing at 805.90 Canadian dollars per tonne. Oil prices supported the session, along with cheap purchases. Palm oil prices in Kuala Lumpur rose due to technical purchases and a general recovery on the oil market.

Export data and currency exchange

Export data for October is expected this week. Sunflower prices delivered in Saint-Nazaire remained unchanged from the previous session. On French physical markets, the Fob Moselle rapeseed and other oilseeds showed increases. The dollar to euro exchange rate closed at 0.8951 for one U.S. dollar and 1.1172 for one euro.

Market closing figures

The Chicago futures market closed with soybeans at 1,222.25 cts$/bushel, soybean meal at 324.60 $/t, and soybean oil at 65.90 cts/pound. On Euronext, rapeseed contracts closed at 527.50 €/t for November 2026, 555.25 €/t for February 2027, and 557.00 €/t for May 2027, with a trading volume of 13,521. International energy prices saw oil (Nymex) for December 2026 closing at 104.12 $.

Maritime freight indices show mixed changes

Maritime freight indices showed mixed changes, with the Baltic Dry Index (BDI) rising to 2712, the Baltic Panamax Index (BPI) falling to 1921, the Baltic Capesize Index (BCI) rising to 4090, the Baltic Supramax Index (BSI) falling to 1870, and the Baltic Handysize Index (BHSI) falling to 1015.