Global oilseed market: U.S. soybeans reach a 20-month high due to positive demand prospects

Published Mar 3, 2026

Tridge summary

Core Tip: According to a report by foreign media on March 1, as of the week ending February 27, 2026, global oilseed prices have mostly risen, with Chicago soybean futures rising to a 20-month high. Soy oil, driven by expectations of biofuel policies, keeps hitting new contract highs, becoming the core engine of this round of price increases; market expectations of continued U.S. soybean sales to China, the surge in international crude oil, the delay in Brazilian soybean harvest, and large-scale buying by funds have also contributed to the rise in soybean prices.

Original content

On Friday (February 27), the May soybean futures on the Chicago Board of Trade (CBOT) closed at $11.7075 per bushel, up 1.52% from the previous week; the March soybean spot price in the U.S. Gulf averaged $12.6225 per bushel, up 1.7%. May soybean meal closed at $320.5 per short ton, up 2.14%; May soybean oil closed at 61.85 cents per pound, up 4.3%; Euronext May rapeseed futures closed at €487.00 per ton, down 0.3%; Canadian May canola closed at CAD 687.7 per ton, up 0.15%; Argentine Parana River soybean FOB spot price was $436 per ton (including a 33% export tax), down 0.7%. On Friday, the ICE U.S. Dollar Index closed at 97.565 points, down 0.17% from the previous week. Positive news for the oilseed market this week includes the U.S. Environmental Protection Agency submitting a proposal for 2026 and 2027 biofuel blending quotas to the White House on Wednesday. Final rules are expected to be issued by the end of March. The U.S. Environmental Protection Agency also plans to ...

Source: Foodmate