- Bearish: Sunflower oil FOB Black Sea fell $35.00/t to $1,210.00/t, hitting a new minimum and signaling pressure from weak demand or ample supply.
- Bullish: Rapeseed meal FOB EU jumped $30.30/t to $293.24/t, while palm oil and Asian soybean products hit new highs on tight regional supply and firm demand.
- Mixed: Soybean complex showed regional divergence, with US and Brazilian soybeans and oils easing even as Dalian China and EU rapeseed futures strengthened.
Global Vegetable Oil and Oilseed Market Overview
On January 29, 2026, global vegetable oil and oilseed markets showed mixed movement, with notable weakness in Black Sea sunflower oil contrasting with strength in palm oil, rapeseed meal, and Asian soybean products. Regional supply-demand imbalances drove divergent price action across major hubs.
Vegetable Oil Prices
Sunflower Oil
| Contract / Region | Price ($/t) | Change ($/t) | Note |
|---|---|---|---|
| Sunflower Oil FOB Black Sea (spot) | 1,210.00 | -35.00 | New minimum value |
| Sunflower Oil FOB Black Sea (February) | 1,210.00 | 0.00 | Matches spot minimum |
Black Sea sunflower oil came under strong pressure, with the spot contract dropping $35.00/t to $1,210.00/t, setting a new low. February delivery prices held at the same level, underscoring a bearish near-term outlook for the region.
Soybean Oil
| Region / Contract | Price ($/t) | Change ($/t) | Note |
|---|---|---|---|
| Soybean Oil FOB Brazil | 1,180.87 | +22.39 | Firming export basis |
| Soybean Oil US CBOT | 1,191.16 | -6.17 | Weaker futures |
| Soybean Oil FOB EU | 1,304.04 | -10.02 | Softer European values |
| Soybean Oil Dalian China | 1,214.16 | +5.44 | New maximum value |
Soybean oil showed clear regional divergence. Brazilian FOB values strengthened, while US CBOT and EU FOB prices retreated. In contrast, Dalian China soybean oil reached a new high, reflecting comparatively tighter conditions in Asian markets.
Palm Oil and Palm Kernel Oil
| Product / Region | Price ($/t) | Change ($/t) | Note |
|---|---|---|---|
| Palm Oil FOB Malaysia | 1,114.40 | +9.95 | Maximum value |
| Palm Oil RBD Dalian China | 1,321.24 | +8.87 | Maximum value |
| Palm Kernel Oil RBD FOB Malaysia | 2,044.73 | +19.90 | Maximum value |
Palm oil and palm kernel oil extended gains across Malaysia and China, with all tracked contracts posting maximum values. The strength points to firm demand and supportive fundamentals in the tropical oils complex.
Meal Markets
| Meal / Region | Price ($/t) | Change ($/t) | Note |
|---|---|---|---|
| Rapeseed Meal FOB EU | 293.24 | +30.30 | Maximum value |
| Soybean Meal Dalian China | 445.31 | +2.48 | Weekly maximum |
| Soybean Meal CIF EU | 379.10 | +2.99 | Higher import values |
| Soybean Meal FOB Brazil | — | -0.90 | Modest decline |
| Soybean Meal US CBOT | — | -1.98 | Modest decline |
EU rapeseed meal led the meals complex with a sharp $30.30/t increase to $293.24/t, highlighting tightening protein supplies in Europe. Soybean meal was mixed, with modest gains in China and EU imports offset by slight declines in Brazilian and US benchmarks.
Oilseed Prices
| Oilseed / Region | Price ($/t) | Change ($/t) | Note |
|---|---|---|---|
| Soybeans US CBOT | 393.98 | -1.01 | Softer futures |
| Soybeans FOB Brazil | 413.92 | -1.00 | Weekly minimum |
| Soybeans Dalian China | 628.38 | +5.60 | Maximum value |
| Rapeseed MATIF France | 584.68 | +9.80 | Maximum value |
Oilseed benchmarks also split by region. US and Brazilian soybeans eased, with Brazilian prices touching a weekly low, while Dalian China soybeans and MATIF rapeseed moved to fresh highs, underscoring firmer demand and tighter balance sheets in Asia and Europe.
Market Analysis and Trading Implications
The drop in Black Sea sunflower oil to new lows signals a bearish short-term outlook for regional exporters, likely driven by softer demand or increased supply. However, improved price competitiveness could support future export flows. Meanwhile, the strong advances in EU rapeseed meal and rapeseed futures, alongside firm palm and Asian soybean oil prices, highlight shifting crush margins and opportunities in alternative oilseeds and tropical oils for both hedgers and physical traders.
Source: Market Data
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