Global oilseed market: Brazil's output continues to rise, most global oilseed prices fall

Published Feb 2, 2026

Tridge summary

Core tip: According to a foreign media report on January 31, as of the week ending January 30, 2026, global oilseed prices mostly declined, mainly due to the continued upward adjustment of Brazil's abundant soybean production estimates, as the pace of its harvest accelerates, and market doubts about the prospects of China's continued purchases of U.S. soybeans. However, persistent high temperatures and drought in parts of Argentina threaten soybean yield potential, and a significant rise in international crude oil prices, along with a sharp drop in the U.S. dollar index, provide potential support to the oilseed market.

Original content

On Friday (January 30), the March soybean futures on the Chicago Board of Trade (CBOT) closed at $10.6425 per bushel, down 0.33% from a week earlier; the February soybean spot average price in the U.S. Gulf was $11.7125 per bushel, up 0.34%. March soybean meal closed at $293.6 per short ton, down 2.1%; March soybean oil closed at 53.51 cents per pound, down 0.89%; the May rapeseed futures on the Euronext exchange closed at €472.75 per ton, down 0.8%; Canadian March rapeseed closed at CAD 648 per ton, down 0.6%; the FOB spot price for Argentine Paraná River soybeans was $416 per ton (including a 33% export tax), down 0.24%. On Friday, the ICE U.S. Dollar Index closed at 96.859 points, down 0.56% from a week earlier. The U.S. dollar index for January fell by 1.21%. Persistent high temperatures and drought threaten the yield potential of Argentina's soybean crops Persistent high temperatures and drought in parts of Argentina have been stressing soybean and corn crops, potentially ...

Source: Foodmate