- Bullish: Black Sea sunflower oil hit a record $1,315.00/t on February 13 as regional supply tightens and demand from India remains steady.
- Bearish: Soybean oil weakened across major origins, highlighting softer sentiment for the broader global vegetable oil complex.
- Bullish: Soybean meal FOB Brazil surged to a record $347.85/t, underlining strong protein demand and robust crush margins in South America.
- Bearish: Rapeseed oil and meal, as well as several sunflower and soybean meal benchmarks in Europe, edged lower, signaling caution in feed and biofuel demand.
Vegetable Oils Market Update
Black Sea sunflower oil extended its rally, with FOB values reaching a record $1,315.00/t on February 13, 2026, up $15.00/t from the previous session. This strength contrasts with stable CIF Mumbai India levels at $1,412.90/t, which remain anchored at the weekly low and suggest limited upward follow-through in key import markets.
Soybean oil prices softened across all major origins. Brazilian FOB quotes fell $16.92/t to $1,157.78/t, marking a weekly minimum, while FOB EU eased $6.21/t to $1,286.99/t. US CBOT values declined $10.14/t to $1,258.40/t. In Asia, Dalian China soybean oil dropped $9.85/t to $1,175.48/t, setting a new record low and reinforcing a broadly weaker tone.
Rapeseed oil FOB Netherlands slipped $9.80/t to $1,281.59/t. Palm oil showed mixed trends: FOB Malaysia edged up $2.49/t to $1,067.14/t, while RBD palm oil at Dalian China jumped $11.88/t to $1,301.84/t, a weekly high. Palm kernel oil RBD FOB Malaysia moved in the opposite direction, retreating $4.97/t to $2,044.73/t.
| Commodity | Location / Basis | Price (US$/t) | Change (US$/t) | Note |
|---|---|---|---|---|
| Sunflower Oil | FOB Black Sea | $1,315.00 | +15.00 | Record high |
| Sunflower Oil | CIF Mumbai, India | $1,412.90 | 0.00 | Weekly minimum |
| Soybean Oil | FOB Brazil | $1,157.78 | -16.92 | Weekly minimum |
| Soybean Oil | FOB EU | $1,286.99 | -6.21 | |
| Soybean Oil | US CBOT | $1,258.40 | -10.14 | |
| Soybean Oil | Dalian, China | $1,175.48 | -9.85 | Record low |
| Rapeseed Oil | FOB Netherlands | $1,281.59 | -9.80 | |
| Palm Oil | FOB Malaysia | $1,067.14 | +2.49 | |
| Palm Oil (RBD) | Dalian, China | $1,301.84 | +11.88 | Weekly high |
| Palm Kernel Oil (RBD) | FOB Malaysia | $2,044.73 | -4.97 |
Oilseed Meals Market Update
Soybean meal remained firm overall, led by Brazil. FOB Brazil values climbed $7.86/t to $347.85/t, establishing a record high and underscoring strong export demand and crush incentives. Dalian China soybean meal advanced $1.30/t to $443.41/t, and US CBOT soybean meal gained $1.43/t to $340.83/t. In contrast, CIF EU soybean meal eased $1.00/t to $392.03/t, pointing to softer demand or ample nearby coverage in Europe.
Sunflower and rapeseed meals were marginally weaker. Sunflower meal CIF France slipped $0.06/t to $261.07/t, while rapeseed meal FOB EU declined $1.25/t to $282.43/t, suggesting cautious feed buying and competitive pressure from soybean meal.
| Commodity | Location / Basis | Price (US$/t) | Change (US$/t) | Note |
|---|---|---|---|---|
| Soybean Meal | FOB Brazil | $347.85 | +7.86 | Record high |
| Soybean Meal | Dalian, China | $443.41 | +1.30 | |
| Soybean Meal | US CBOT | $340.83 | +1.43 | |
| Soybean Meal | CIF EU | $392.03 | -1.00 | |
| Sunflower Meal | CIF France | $261.07 | -0.06 | |
| Rapeseed Meal | FOB EU | $282.43 | -1.25 |
Oilseeds Market Update
Oilseed markets showed a mixed profile. Brazilian soybeans strengthened, with FOB prices up $5.07/t to $426.95/t, marking a price maximum. Dalian China soybeans rose $7.97/t to $661.35/t, while US CBOT soybeans slipped $1.56/t to $416.30/t, reflecting divergent regional demand and currency dynamics.
Rapeseed remained under pressure, with MATIF France futures falling $3.40/t to $575.83/t, the lowest value of the week, hinting at comfortable supply or subdued crush margins in Europe.
| Commodity | Location / Basis | Price (US$/t) | Change (US$/t) | Note |
|---|---|---|---|---|
| Soybeans | FOB Brazil | $426.95 | +5.07 | Price maximum |
| Soybeans | Dalian, China | $661.35 | +7.97 | |
| Soybeans | US CBOT | $416.30 | -1.56 | |
| Rapeseed | MATIF France | $575.83 | -3.40 | Weekly low |
Market Analysis and Sentiment
The Black Sea sunflower oil market is exhibiting strong bullish momentum, with prices pushing into record territory despite India’s CIF values holding at weekly lows. The resulting premium of nearly $100/t over key soybean oil benchmarks underscores tightening regional supply and a willingness from select buyers to pay for high-spec sunflower oil.
Conversely, the soybean oil complex is soft across Brazil, the EU, the US, and China, pointing to improving global availability or emerging demand concerns. Yet, the concurrent strength in Brazilian soybeans and soybean meal signals attractive crush margins in South America and supports continued export competitiveness in both oil and meal.
For Black Sea traders, the divergence between firm sunflower oil and weaker soybean oil widens arbitrage windows into key import destinations, provided the sunflower premium can be sustained. On the protein side, the firmness in Brazilian and Chinese soybean meal versus flatter European values suggests that regional demand patterns and feed formulation choices will remain critical drivers in the near term.
Market Sentiment: Bullish for Black Sea sunflower oil; Neutral to Bearish for the global soybean oil complex.
Source: Market Data
Leave a Reply