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Soyabean Pricing, Demand and Supply Overview
2025
Base Year
2023-2025
Historical Period
2026-2027
Forecast Period
Market Overview
In North America, the global price benchmark for soyabean, prices climbed through 2025, rising from USD 0.417/KG in Q1 to USD 0.445/KG by Q4, a 6.7% gain, on firm export demand and healthy crush margins. The global average advanced from USD 0.413/KG to USD 0.435/KG, a 5.3% increase, with every reporting region finishing the year higher.
Soyabean is the world’s leading oilseed, crushed into protein-rich meal and edible oil. Animal feed in the form of soyabean meal is by far the largest demand driver, taking the bulk of global crush, followed by edible oil for food use, direct food products, and a growing biodiesel feedstock segment. Prices hinge on harvest size in the major exporting regions, crush margins, export demand from large importers, and freight and currency dynamics on a heavily traded commodity.
Soyabean Price Forecast for 2026
The balance heading through 2026 looks firm but not overheated. Old-crop supply has tightened after strong crush and export demand, supporting producer prices, while the prospect of a large South American harvest tempers the upside. Crush and feed demand remain healthy across all regions. The main upside risk is a weather setback in a key growing region or a surge in import buying; the main downside risk is a record harvest or a pullback in biodiesel and feed demand loosening the balance.
| Region | 2026 Price Range (USD/KG) | Outlook |
| Global Average | 0.405 - 0.466 | Firm; tight old-crop supply and steady crush demand support prices |
| North America | 0.416 - 0.478 | Export-led firmness; crush margins and overseas demand underpin the band |
| South America | 0.394 - 0.441 | Harvest-driven; large crop caps upside but export pull lends support |
| India | 0.411 - 0.473 | Domestic crush and meal demand keep the band firm into 2026 |
| Europe | 0.399 - 0.472 | Import-linked; landed costs and crush demand set the range |
For the Quarter Ending March 2026
Soyabean Prices Q1 2026:
- North America: USD 0.458/KG
- South America: USD 0.431/KG
- India: USD 0.466/KG
- Europe: USD 0.456/KG
Soyabean Prices in North America
In Q1 2026, North American soyabean averaged USD 0.458/KG, up 2.8% from USD 0.445/KG in Q4 2025. Tight old-crop supply after a strong export and crush season kept the cost floor firm. Robust overseas import demand and healthy domestic crush margins reinforced the move, and sellers held the upper hand as available stocks tightened into the first quarter.
Why did the price of Soyabean change in Q1 2026 in North America?
Tight old-crop supply, firm export demand and healthy crush margins lifted the benchmark market 2.8% to USD 0.458/KG.
Soyabean Prices in South America
South American soyabean averaged USD 0.431/KG in Q1 2026, slipping 0.5% from USD 0.433/KG in Q4 2025. The arrival of the new harvest began to add supply, capping prices even as firm export demand from major importers lent support. The market essentially held its ground, with fresh crop pressure and strong export pull broadly offsetting.
Why did the price of Soyabean change in Q1 2026 in South America?
Incoming harvest supply offset firm export demand, leaving prices nearly flat at USD 0.431/KG, down a marginal 0.5%.
Soyabean Prices in India
Indian soyabean averaged USD 0.466/KG in Q1 2026, the highest of any region and up a sharp 8.1% from USD 0.431/KG in Q4 2025. Firm domestic crush demand for meal and oil met tighter local availability after the main marketing season, and strong festival and feed-sector buying drove the steepest quarterly gain in the dataset.
Why did the price of Soyabean change in Q1 2026 in India?
Tight local supply and strong domestic crush and feed demand drove an 8.1% surge to USD 0.466/KG, the highest regional level.
Soyabean Prices in Europe
European soyabean averaged USD 0.456/KG in Q1 2026, up 5.7% from USD 0.432/KG in Q4 2025. As a major importer, the region absorbed firmer landed costs from the export benchmarks, while steady crush and feed demand kept buyers active. Tighter availability of competitively priced origin material pushed the market higher through the quarter.
Why did the price of Soyabean change in Q1 2026 in Europe?
Firmer landed import costs and steady crush demand lifted the region 5.7% to USD 0.456/KG.
For the Quarter Ending December 2025
Soyabean Prices Q4 2025:
- North America: USD 0.445/KG
- South America: USD 0.433/KG
- India: USD 0.431/KG
- Europe: USD 0.432/KG
Soyabean Prices in North America
North American soyabean averaged USD 0.445/KG in Q4 2025, up 4.9% from USD 0.424/KG in Q3. Strong export sales to major overseas buyers drew down supply just as the harvest cleared, and healthy crush margins kept domestic processors active. The combination tightened the balance and lifted prices into year-end.
Why did the price of Soyabean change in Q4 2025 in North America?
Strong export sales and healthy crush demand tightened post-harvest supply, lifting prices 4.9% to USD 0.445/KG.
Soyabean Prices in South America
South American soyabean averaged USD 0.433/KG in Q4 2025, up 3.8% from USD 0.417/KG in Q3. Firm export demand and a weaker old-crop carryout supported prices ahead of the new harvest. Strong international buying interest, particularly from large Asian importers, kept the market well bid through the quarter.
Why did the price of Soyabean change in Q4 2025 in South America?
Firm export demand and a tighter old-crop carryout pushed prices up 3.8% to USD 0.433/KG ahead of the new harvest.
Soyabean Prices in India
Indian soyabean averaged USD 0.431/KG in Q4 2025, broadly stable and down a slight 0.7% from USD 0.434/KG in Q3. Fresh arrivals from the main harvest balanced steady domestic crush demand, holding prices near their third-quarter level. The market stayed range-bound as supply and demand stayed in step.
Why did the price of Soyabean change in Q4 2025 in India?
New-harvest arrivals balanced steady crush demand, holding prices essentially flat at USD 0.431/KG, down 0.7%.
Soyabean Prices in Europe
European soyabean averaged USD 0.432/KG in Q4 2025, a strong 6.7% rebound from USD 0.404/KG in Q3. Firmer export-origin costs and steady crush demand drove the recovery after a softer third quarter. Restocking ahead of winter feed needs added to the upward pull on this import-dependent market.
Why did the price of Soyabean change in Q4 2025 in Europe?
Firmer import costs and winter restocking demand drove a 6.7% rebound to USD 0.432/KG.
Quarterly Soyabean Price Trends
Global soyabean prices firmed across the six-quarter window, rising from USD 0.413/KG in Q1 2025 to USD 0.453/KG in Q1 2026, a net gain of 9.7%. After a steady first three quarters, the market accelerated from Q4 2025 as tight old-crop supply, strong crush margins and firm export demand combined. Robust feed and oil demand was the primary driver of the uptrend.
| Quarter | Price (USD/KG) | QoQ Change | Direction |
| Q1 2026 | 0.453 | +4.1% | ↑ Rising |
| Q4 2025 | 0.435 | +3.6% | ↑ Rising |
| Q3 2025 | 0.420 | -0.5% | ↓ Falling |
| Q2 2025 | 0.422 | +2.2% | ↑ Rising |
| Q1 2025 | 0.413 | - | - |
| Q2 2026 | In Progress | - | - In Progress |
What was Soyabean Price in 2025?
Soyabean prices firmed over the course of 2025, with the global average rising from USD 0.413/KG in Q1 to USD 0.435/KG by Q4, a full-year gain of 5.3%. Three forces shaped the year: healthy crush margins that kept processors buying, firm export demand from major importing nations, and a gradual tightening of old-crop supply across the exporting regions. Every region finished higher, with North America and India posting the strongest gains.
Soyabean Prices in North America in 2025
North American prices opened Q1 2025 at USD 0.417/KG and closed Q4 at USD 0.445/KG, a full-year gain of 6.7%. The market firmed steadily through the year, dipping briefly in Q3 around harvest before strong export sales and crush demand drove a robust fourth-quarter recovery. Export-led demand was the dominant driver, keeping the global benchmark on a firm footing into 2026.
Soyabean Prices in South America in 2025
South American prices rose from USD 0.404/KG in Q1 2025 to USD 0.433/KG by Q4, a full-year gain of 7.2%. After a soft start as the large harvest pressured the market, prices recovered through the second half on firm export demand, particularly from Asian buyers. Strong international offtake against a tightening old-crop carryout was the defining driver of the year.
Soyabean Prices in India in 2025
Indian prices firmed from USD 0.416/KG in Q1 2025 to USD 0.431/KG by Q4, a gain of 3.6%, before surging further in early 2026. Steady domestic crush and feed demand underpinned the market all year, with new-harvest arrivals keeping the second half range-bound. Robust domestic meal and oil demand was the dominant driver behind the firm trajectory.
Soyabean Prices in Europe in 2025
European prices moved from USD 0.416/KG in Q1 2025 to USD 0.432/KG by Q4, a full-year gain of 3.8%. The market dipped to USD 0.404/KG in Q3 before a strong fourth-quarter rebound on firmer import costs and winter restocking. As an import-dependent region, Europe tracked the export benchmarks closely, with landed-cost economics the dominant annual driver.
How We Can Help
Expert Market Research: Your Source for Real-Time Soyabean Price Intelligence
Expert Market Research delivers continuous soyabean price tracking across the major producing and consuming regions, explaining not just that prices moved but precisely why, tracing causation through harvest outcomes, crush margins, export demand, biodiesel policy and freight and currency movements. Our forecasts integrate crop balance data, trade flows, crush economics and weather risk to give procurement teams a forward-looking view of the world’s leading oilseed market. Contact Expert Market Research today for soyabean pricing data, bespoke market analysis, and strategic procurement advisory.
Key Questions Answered in the Report
Soyabean is crushed into protein-rich meal and edible oil. Animal feed via soyabean meal is the largest outlet, followed by edible oil for food, direct food products such as tofu and soy foods, and a growing biodiesel feedstock segment.
The Q1 2026 global average was USD 0.453/KG. India was the firmest market at USD 0.466/KG, while South America was the most competitive at USD 0.431/KG, broadly on a delivered to export-parity basis.
The global average rose from USD 0.413/KG in Q1 2025 to USD 0.435/KG by Q4, a 5.3% gain, driven by healthy crush margins, firm export demand, and tightening old-crop supply across the exporting regions.
Three factors dominated: strong crush margins that kept processors buying, firm export demand from major importing nations, and a gradual tightening of old-crop supply that supported producer prices into year-end.
The global average is projected at USD 0.405 – 0.466/KG for the remainder of 2026, assuming firm crush and feed demand, with the size of the South American harvest the main factor capping the upside.
India and North America trade at the firm end on tight supply and strong domestic and export demand, South America prices off harvest economics and export parity, and Europe tracks landed import costs, leaving it closely linked to the export benchmarks.
This report is updated monthly. For real-time pricing intelligence, contact the Expert Market Research team directly.
Old-crop supply tightness, crush margins, export demand from major importers, the size of the South American harvest, and biodiesel and feed-sector demand are the primary 2026 pricing factors.
India recorded USD 0.466/KG in Q1 2026, the highest among reporting regions, reflecting tight local supply and strong domestic crush and feed demand.
Animal feed via soyabean meal dominates global demand, with edible oil for food use, direct food products, and biodiesel feedstock forming the next most significant consuming sectors.
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