Global oilseed market: Limited Chinese procurement, focus on next week's supply and demand report

Published 2025년 11월 10일

Tridge summary

Core tip: According to foreign media on November 9, as of the week ending November 7, global oilseed prices have fluctuated more sharply, with Chicago soybean futures falling from 16 highs because Chinese procurement was not as large as expected, causing the trade optimism brought by the first meeting between Chinese and U.S. leaders to rapidly cool. Market focus has shifted to the upcoming supply and demand report from the U.S. Department of Agriculture.

Original content

On Friday (November 7), the January soybean futures on the Chicago Board of Trade (CBOT) closed at $11.17 per bushel, up 0.2% from the previous week; the spot average price of No. 1 soybeans in the U.S. Gulf was $11.8825 per bushel, down 0.3%. December soybean meal closed at $317.1 per short ton, down 1.4%; December soybean oil closed at 49.68 cents per pound, up 2.1%; February rapeseed futures on the Euronext exchange closed at 478.50 euros per ton, down 0.4%; January canola in Canada closed at 640 Canadian dollars per ton, up 0.5%; and the spot FOB price of soybeans from Argentina's Parana River was $431 per ton (including a 33% export tax), down 0.2%. On Friday, the ICE U.S. Dollar Index closed at 99.471 points, down 0.16%. Trade agreement prospects: Hopes and realities clash The core driving force of market sentiment continues to revolve around U.S.-China trade relations. The initial agreement reached last week, in which China committed to purchasing at least 12 million tons ...

Source: Foodmate