DAILY Oilseed Market on 9 October 2026: Cbot-listed soybeans rise while Euronext-listed rapeseed loses some ground

Key points:  
 

• The report Wasde on soybeans soy increases U.S.-origin soybean production and yield
• The Wasde report does not change the main components of the global soybean
• Palm oil down with record production in September and lower exports

 
Prices for soybeans traded on the Cbot gained some ground this Friday 9 October 2026: + 4,5 cts$/bu., to 1 292 cts$/bu., for the nearest and most actively traded November 2026 contract; also + 4,5 cts$/bu., to 1 308,75, for the second most actively traded January 2027 contract. Prices rose across all contracts open for trading.

 On Euronext, rapeseed prices rapeseed edged down slightly: - 1,50 €/t, to 555,75 €/t, for the most active February 2027 contract, and -1 €/t, to 559,25 €/t, for the second most traded May 2027 contract. The November 2026 contract, now the third most active, shed 10,50 €/t, to 502 €/t, as position liquidations continued ahead of the last trading day set for 31 October 2026. Prices for Moselle FOB rapeseed, the benchmark on French physical markets, also closed lower.

Ultimately, the publication of the Wasde report of theUSDA on global agricultural supply and demand this Friday, 9 October, was generally well received on thesoybeanmarket, with buyers, particularly funds, resuming their advance. Improved production and yields make it possible to anticipate a better response to global demand, particularly that ofChina. The publication of the weekly report is now expected:Crop Progress this Tuesday (due to the federal holiday on Monday—Columbus Day, although markets are open this Monday). Observers are now closely monitoring the pace of the harvest to ensure adequate supplies for crushing plants in the coming weeks, as U.S. weather suggests that the existing delay (due to rain) could increase slightly. However, the Midwest experienced favorable harvesting conditions this weekend.

Soybean meal prices also rose significantly, with global demand expectations very strong. Soybean oil prices were also higher.  

Internationally, industry professionals are closely following the progress of sowing in South America, with questions about Brazil due to very heavy rainfall in the south of the country. They are also waiting to see how and when China will return to the market after a week of festivities marking the founding of the People’s Republic. Analysts estimate that 10 Mt would still need to be purchased by the Chinese by 31 December 2026 if they are to fulfil their “commitment” of 25 Mt decided in October 2025. The publication of the Wasde of theUSDA on global agricultural supply and demand this Friday, 9 October, recorded no significant changes to the various components of the global soybean balance sheet.

The rapeseed listed on Euronext therefore changed little this Friday in the most actively traded contracts, with oil prices relatively stable at the end of the week.

 

To find out all about the latest developments in agricultural markets, click here  

Palm oil listed in Kuala Lumpur has lost considerable ground. Operators had been waiting for an export tax exemption measure to be announced in the budget presentation in Malaysia: it is not included in this proposal. MPOB is due to publish its monthly statistics for September today, with stock levels expected to be historically high due to record production but weak demand from international users.

The canola quoted at Winnipeg changed very little on Friday, closing with very small gains depending on the contract month. Oil prices were fairly stable and provided no support. Harvesting is also continuing, with considerable delays and the threat of an early winter.

Prices for sunflower high-oleic delivered Saint-Nazaire did not change from one session to the next.
 
Fundamentals :

World, soybeans, production : forecast at 442,7 Mt in October 2026 for 2026/2027 versus 442,35 Mt in September 2026 and 429,19 in October 2025 (source: Wasde/USDA)

Brazil, soybeans, production : forecast at 186 Mt in October 2026 for 2026/2027 versus 186 Mt in September 2026 and 180,5 Mt in October 2025 (source: Wasde/USDA)

United States, soybeans, production : forecast at 124,15 Mt in October 2026 for 2026/2027 versus 123,42 Mt in September 2026 and 115,97 Mt in October 2025 (source: Wasde/USDA)

Argentina, soybeans, production : seen at 50 Mt in October 2026 for 2026/2027 versus 50 Mt in September 2026 and 49,3 Mt in September 2025 (source: Wasde/USDA)

Paraguay, soybeans, production : seen at 11,1 Mt in October 2026 for 2026/2027 versus 11,1 Mt in September 2026 and 12,1 Mt in October 2025 (source: Wasde/USDA)

United States, soybeans, yield : 53,1 bu./acre in October versus 52,8 bu./acre in September and 53 bu./acre a year ago (source; Wasde/USDA)

World, soybeans, exports : seen at 192 Mt in October 2026 for 2026/2027 versus 191,58 Mt in September 2026 and 186,42 Mt in October 2025 (source: Wasde/USDA)

United States, soybeans, exports : forecast at 46,13 Mt in October 2026 at 2026/2027 compared with 45,86 Mt in September 2026 and 41,24 Mt in Octore 2025 (source: Wasde/USDA)

Brazil, soybeans, exports : forecast at 118 Mt in October 2026 at 2026/2027 compared with 118 Mt in September 2026 and 114,46Mt in October 2025 (source: Wasde/USDA)

Argentina, soybeans, exports : estimated at 6,45 Mt in October 2026 for 2026/2027 compared with 6,45 Mt in September 2026 and 8,9 Mt in October 2025 (source: Wasde/USDA)

China, soybeans, imports : estimated at 115 Mt in October 2026 for 2026/2027 compared with 115 Mt in September 2026 and 113 Mt in October 2025 (source: Wasde/USDA

EU, soybeans, imports : forecast at 16,37 Mt in October 2026 at 2026/2027 versus 16,37 Mt in September 2026 and 16,57 Mt in October 2025 (source: Wasde/USDA

World, soybeans, ending stocks : forecast at 124,28Mt in October 2026 at 2026/2027 versus 124,02 Mt in September 2026 and 124,93 Mt in October 2025 (source: Wasde/USDA)

Brazil, soybeans, ending stocks : forecast at 37,28 Mt in October 2026 at 2026/2027 versus 36,89 Mt in September 2026 and 37,88 Mt in October 2025 (source: Wasde/USDA)

United States, soybeans, ending stocks : forecast at 8,57 Mt in October 2026 at 2026/2027 versus 8,43 Mt in September 2026 and 8,58 Mt in October 2025 (source: Wasde/USDA)

Argentina, soybeans, ending stocks : estimated at 24,07 Mt in October 2026 for 2026/2027 compared with 24,47 Mt in September 2026 and 23,67 Mt in October 2025 (source: Wasde/USDA)

China, soybeans, ending stocks : estimated at 44,26 Mt in October 2026 for 2026/2027 compared with 44,26 Mt in September 2026 and 44,36 Mt in October 2025 (source: Wasde/USDA)
 

French physical markets on 9 October 2026

Sunflower	Specifications	Expiry	euro/t		Change
Bordeaux yield	oleic Harvest 2026	Oct.–Dec.	605,00	N	0,00
Saint-Nazaire yield	oleic Harvest 2026	Oct.–Dec.	600,00	N	0,00

Rapeseed	Specifications	Deadline	euro/t		Change
Rouen delivery	Harvest 2026	Jan.–Mar.	549,00	N	-10,50
Moselle FOB	2026 harvest	Jan.–Mar.	557,00-559,00	N	-10,50

Soybean meal	Specifications	Deadline	euro/t		Change
Departure Montoir	48% profat pellets Brazil	Oct.	n.p.
	48% profat pellets Brazil	Nov.	462,00	V	-2,00
	48% high-protein pellets Brazil	Dec.	462,00	V	-2,00

Peas	Specifications	Deadline	euro/t		Change
Departure Marne	Forage Harvest 2026	Oct.–Dec.	260,00	N	0,00
Departure Somme/Oise	Forage Harvest 2026	Oct.–Dec.	268,00	N	0,00

Commercial quotations for dairy products on 8 October 2026

Milk powder	Specifications	Due date	euro/t		Variation
	NBPL departure in 30 days 5% H BT bulk	avail.	3275,00	N	0,00

Whey powder	Specifications	Deadline	euro/t		Variation
	NBPL departure in 30 days, BILA pH 6 bulk	available.	1650,00	T	-30,00

Buttermilk	Specifications	Deadline	euro/t		Variation
	without a standard	available	n.p.
	Dutch standards	available.	n.p.

Dollar / euro exchange rate on 9 October 2026

Currency	Closing value
1 US dollars	0,8924 euros
1 euros	1,1206 dollars

Chicago futures market close on 9 October 2026

Commodities	Close	Chicago
Soybeans	1292,00	cents/bushel.
Soybean meal	368,70	$/t
Soybean oil	67,72	cts/lb

Euronext futures market close on 9 October 2026