Ölsaaten News, 05/Dec/2025

The soy complex came under significant pressure in the past week. Although a positive start after Thanksgiving with export bookings of over 1 million tons and a private sale to China initially provided a positive impetus for beans, doubts about Beijing's actual willingness to buy increasingly prevailed at the beginning of the week. Although individual quantities were reported to China, the overall figures fell far short of official expectations. In purely mathematical terms, China would still have to order around 9 million tons of soybeans from the USA by the end of the year in order to make good on earlier commitments. However, there were no indications of new contracts. Instead, rumors were circulating that China had once again become active in Brazil, especially as Brazil's exports for December could be significantly higher than the previous year, according to Anec. US farmers hoped for a boost from the financial aid announced by the US government, although concrete details are still pending. Soybean meal was also dominated by declines. Export figures were weak and below estimates in all segments.

The weak trend also continued for canola and rapeseed. Despite a generally firm oil market, prices in Winnipeg fell for five trading days in a row. The new harvest estimate from Statistics Canada, which now stands at 21.8 million tons for 2025/26, had a dampening effect. This would be a slight increase on the previous year. The Australian canola harvest is also expected to be well above the long-term average at 7.2 million tons. On Euronext in Paris, rapeseed prices followed the global trend and also closed the week down.