Soybeans were unable to recover at the end of the week. In Chicago, the November futures contract slipped by 12.00 US cents to 1,025.50 US cents/bushel, thus recording a weekly loss of 20.75 US cents. The following futures also closed well in the red. Despite a phone call between US President Trump and China's head of state Xi, there was no new impetus for trade and market participants' hopes for fresh demand were not fulfilled. Soybean meal also lost US$ 0.10 to US$ 282.90/short ton for October.
The export situation also had a negative impact. At 10.277 million tons, US export commitments for 2025/26 are only 22 per cent of the USDA forecast and thus far behind the average booking pace of 43 per cent.
The rapeseed and canola market was also under pressure on Friday. In Winnipeg, November canola lost Can-$5.30 to Can-$618.60 per tonne. November canola fell by €2.50 to €473.25/t. Declines in crude oil caused additional pressure.
