Sep 18, 2026
South American soybean oil markets split directions during the week ending Sept. 15, as Platts data showed Argentine free-on-board values gaining ground even while Chicago Board of Trade soybean oil futures edged lower, whereas Brazilian prices retreated and the premium Brazilian supply held over Argentine material contracted significantly.
Chicago futures and US supply data
CBOT October soybean oil futures closed at 69.88 cents per pound Sept. 15, a decline of 0.34 cent per pound, or 0.48%, from 70.22 cents per pound Sept. 8. The contract traded erratically during the stretch, hitting 71.41 cents per pound Sept. 10 before tumbling 3.11% Sept. 11 in the wake of the US Department of Agriculture’s September Crop Production and World Agricultural Supply and Demand Estimates reports.
The USDA lifted its 2026 US soybean production forecast to 4.535 billion bushels, with yield estimated at 52.8 bushels per acre. Despite the bigger crop figure, the department cut projected 2026/27 US soybean ending stocks by 10 million bushels to 310 million bushels after increasing projected exports by the same amount.
New US processing figures supplied another fundamental element Sept. 15. The National Oilseed Processors Association said its members crushed 205.46 million bushels of soybeans in August, falling short of market expectations of 211.55 million bushels. The crush exceeded the year-earlier level by 8.24% but was 5.17% under July.
NOPA put soybean oil stocks at 1.201 billion pounds, under market expectations of 1.257 billion pounds and 3.5% beneath the year-earlier level, giving a fresh signal of US soybean oil availability as the market transitions into the new-crop harvest.
Brazilian crop estimates
In Brazil, national agricultural supply agency Conab pegged the country’s soybean crop at 180.4 million metric tons in its Sept. 15 report, a reduction of 60,000 metric tons from its prior estimate. Conab’s initial projection for the 2026/27 soybean crop stood at 181.64 million metric tons, versus the USDA’s current projection of 186 million metric tons.
Argentina strengthens against Brazil
Against the somewhat softer weekly CBOT backdrop, Argentine export differentials firmed. Platts, part of S&P Global Energy, assessed Argentine soybean oil FOB Up River for October loading at $1,223.13 per metric ton Sept. 15, an increase of $5.74 per metric ton, or 0.47%, from $1,217.39 per metric ton Sept. 8.
The October Up River basis gained 60 points over the period to minus 1,440 points against CBOT October futures, up from minus 1,500 points. The stronger differential more than compensated for the decline in the underlying futures contract, enabling Argentine outright prices to climb.
Brazil headed the other way. Platts assessed Brazilian soybean oil FOB Paranagua for October loading at $1,227.53 per metric ton Sept. 15, a drop of $7.50 per metric ton, or 0.61%, from $1,235.03 per metric ton Sept. 8. The October basis finished the period unchanged at minus 1,420 points against CBOT October futures.
The divergence slashed Brazil’s October premium over Argentina to $4.40 per metric ton from $17.64 per metric ton Sept. 8. The spread between the two origins’ October basis levels likewise shrank to a mere 20 points from 80 points.
Brazil’s November market also softened, with FOB Paranagua declining $5.51 per metric ton, or 0.45%, to $1,224.67 per metric ton. The November basis gained 10 points over the period to minus 1,480 points against CBOT December futures.
The Sept. 8-15 period thus revealed greater relative firmness in Argentine soybean oil, with a stronger Up River basis underpinning outright prices even as CBOT fell. Brazilian prices drifted lower and moved toward Argentina, sharply diminishing the premium that had defined the Brazilian market a week earlier.
Interactive table based on the Store Companies dataset for this report.
| # | Company | Headquarters | Focus | Scale | Note |
|---|---|---|---|---|---|
| 1 | Archer-Daniels-Midland Company (ADM) | Chicago, Illinois, USA | Integrated agribusiness & oilseed processing | Global leader in oilseed crushing | One of the world’s largest processors. |
| 2 | Bunge Global SA | St. Louis, Missouri, USA | Agribusiness, food, & ingredients | Global leader in oilseed processing | Major integrated oilseed processor. |
| 3 | Cargill, Incorporated | Wayzata, Minnesota, USA | Agricultural commodity trading & processing | Global agribusiness giant | Major private processor of soybeans. |
| 4 | Louis Dreyfus Company (LDC) | Rotterdam, Netherlands | Agricultural commodity merchandising & processing | Global merchant & processor | Significant oilseed crushing operations. |
| 5 | Wilmar International Limited | Singapore | Agribusiness, palm oil, oilseeds | Asia’s leading agribusiness group | Major soybean crusher in China & globally. |
| 6 | COFCO International | Geneva, Switzerland | Agricultural commodity trading | Global trader, major in China | Arm of China’s state-owned COFCO Group. |
| 7 | AG Processing Inc (AGP) | Omaha, Nebraska, USA | Farmer-owned cooperative, soybean processing | Major US processor | One of largest US soybean processors. |
| 8 | CHS Inc | Inver Grove Heights, Minnesota, USA | Farmer-owned cooperative, energy, agribusiness | Major US cooperative | Significant soybean processing operations. |
| 9 | CJ CheilJedang (CJ) | Seoul, South Korea | Food, feed, bio-products | Major Korean processor | Significant soybean crushing in Asia. |
| 10 | Borasco | Unknown | Soybean crushing & vegetable oils | Major Chinese processor | Significant private crusher in China. |
| 11 | Jiusan Group | Harbin, Heilongjiang, China | Soybean processing, feed, food | Major Chinese soybean processor | Large-scale crushing operations in China. |
| 12 | Shandong Sanwei Group | Heze, Shandong, China | Soybean & edible oil processing | Large Chinese processor | Major soybean oil producer in China. |
| 13 | Xiamen C&D Corporation | Xiamen, Fujian, China | Supply chain operations, oilseed crushing | Large Chinese conglomerate | Has significant soybean processing assets. |
| 14 | Beidahuang Group | Harbin, Heilongjiang, China | Agriculture, food processing, logistics | Large Chinese state-owned agribusiness | Involved in soybean crushing. |
| 15 | Aceitera General Deheza (AGD) | General Deheza, Cordoba, Argentina | Oilseed crushing, edible oils, biofuels | Major Argentine processor | Leading soybean crusher in Argentina. |
| 16 | Vicentin S.A.I.C. | Avellaneda, Santa Fe, Argentina | Oilseed crushing, exports | Major Argentine exporter & processor | Historically a top Argentine crusher. |
| 17 | Molinos Río de la Plata | Buenos Aires, Argentina | Food production, oilseed processing | Major Argentine food company | Significant soybean crushing operations. |
| 18 | Amaggi Group | Cuiabá, Mato Grosso, Brazil | Farming, logistics, grain trading | Major Brazilian agribusiness | Involved in soybean processing. |
| 19 | Caramuru Alimentos S.A. | São Paulo, Brazil | Oilseed crushing, edible oils, biofuels | Major Brazilian processor | One of Brazil’s largest independent crushers. |
| 20 | Imcopa (Industrial Maringá) | Maringá, Paraná, Brazil | Soybean crushing, lecithin, non-GMO oils | Major Brazilian processor | Known for non-GMO soybean products. |
| 21 | Cereol (part of Bunge) | Previously France/Europe | Oilseed processing | Major European crusher | Now integrated into Bunge’s operations. |
| 22 | AOT (Aceites del Tolima) | Ibagué, Tolima, Colombia | Palm & soybean oil processing | Major Colombian processor | Significant soybean crusher in region. |
| 23 | Aceitera Martínez | Paraguay | Oilseed crushing | Major Paraguayan processor | Leading soybean crusher in Paraguay. |
| 24 | CJSC Efko | Alekseyevka, Belgorod, Russia | Oil & fat products, mayonnaise | Leading Russian food holding | Major soybean processor in Russia. |
| 25 | Sodrugestvo Group | Kaliningrad, Russia | Agricultural trading & processing | Major Russian agribusiness | Has soybean crushing operations. |
| 26 | Astra Agro Lestari | Jakarta, Indonesia | Palm oil plantation, also soybean crushing | Major Indonesian agribusiness | Processes soybeans for domestic market. |
| 27 | Nisshin OilliO Group | Tokyo, Japan | Edible oils, fats, processed foods | Leading Japanese oil processor | Processes soybeans, including imports. |
| 28 | Fuji Oil Holdings | Osaka, Japan | Edible oils, fats, chocolate | Major Japanese processor | Significant soybean oil production. |
| 29 | ITOCHU Corporation | Tokyo, Japan | Trading, includes grain & oilseeds | Japanese trading house (sogo shosha) | Invests in global crushing assets. |
| 30 | Mitsui & Co., Ltd. | Tokyo, Japan | Trading, includes agribusiness | Japanese trading house (sogo shosha) | Involved in global oilseed processing. |
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1. INTRODUCTION
Report Scope and Analytical Framing
- Report Description
- Research Methodology and the Analytical Framework
- Data-Driven Decisions for Your Business
- Glossary and Product-Specific Terms
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2. EXECUTIVE SUMMARY
Concise View of Market Direction
- Key Findings
- Market Trends
- Strategic Implications
- Key Risks and Watchpoints
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3. MARKET SIZE AND DEVELOPMENT PATH
Market Size, Growth and Scenario Framing
- Market Size: Historical Data (2012-2025) and Forecast (2026-2035)
- Growth Outlook and Market Development Path to 2035
- Growth Driver Decomposition
- Scenario Framework and Sensitivities
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4. CATEGORY SCOPE, DEFINITIONS AND BOUNDARIES
Commercial and Technical Scope
- What Is Included and How the Market Is Defined
- Market Inclusion Criteria
- Product / Category Definition
- Exclusions and Boundaries
- Distinction From Adjacent Products and Substitute Categories
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5. CATEGORY STRUCTURE, SEGMENTATION AND PRODUCT MATRIX
How the Market Splits Into Decision-Relevant Buckets
- By Product Type / Configuration
- By Application / End Use
- By Customer / Buyer Type
- By Channel / Business Model / Technology Platform
- Segment Attractiveness Matrix
- Product Matrix and Segment Growth Logic
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6. DEMAND, CUSTOMER AND CONSUMER ARCHITECTURE
Where Demand Comes From and How It Behaves
- Consumption / Demand by Country or Region: Historical Data (2012-2025) and Forecast (2026-2035)
- Demand by End-Use and Buyer Group
- Demand by Customer / Consumer Segment
- Purchase Criteria, Switching Logic and Adoption Barriers
- Replacement, Replenishment and Installed-Base Dynamics
- Future Demand Outlook
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7. PRODUCTION, SUPPLY AND VALUE CHAIN
Supply Footprint, Trade and Value Capture
- Production by Country
- Manufacturing Footprint and Supply Hubs
- Capacity, Bottlenecks and Supply Risks
- Value Chain Logic and Margin Pools
- Route-to-Market and Distribution Structure
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8. TRADE, SOURCING AND IMPORT DEPENDENCE
Trade Flows and External Dependence
- Exports by Country
- Imports by Country
- Trade Balance and Sourcing Structure
- Import Dependence and Supply Resilience
- Strategic Trade Corridors
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9. PRICING, PROMOTION AND COMMERCIAL MODEL
Price Formation and Revenue Logic
- Price Levels and Price Corridors
- Pricing by Segment / Specification / Geography
- Cost Drivers and Margin Logic
- Promotion, Discounting and Procurement Patterns
- Revenue Quality and Commercial Levers
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10. COMPETITIVE LANDSCAPE AND PORTFOLIO POWER
Who Wins and Why
- Market Structure and Concentration
- Competitive Archetypes
- Segment-by-Segment Competitive Intensity
- Portfolio Breadth and Product Positioning
- Capability Matrix
- Strategic Moves, Partnerships and Expansion Signals
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11. GEOGRAPHIC LANDSCAPE AND COUNTRY ROLES
Where Growth and Supply Concentrate
- Core Demand Markets
- Core Production Markets
- Export Hubs
- Import-Reliant Markets
- Fastest-Growing Markets
- Country Archetypes and Strategic Roles
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12. GROWTH PLAYBOOK AND MARKET ENTRY
Commercial Entry and Scaling Priorities
- Where to Play
- How to Win
- Build vs Buy vs Partner
- Route-to-Market Choices
- Localization and Capability Thresholds
- Entry Risks and Mitigation
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13. WHERE TO PLAY NEXT: MOST ATTRACTIVE GROWTH OPPORTUNITIES
Where the Best Expansion Logic Sits
- Most Attractive Product Niches
- Most Attractive Customer Segments
- Most Attractive Markets for Commercial Expansion
- White Spaces and Unsaturated Opportunities
- High-Margin and Underpenetrated Pockets
- Most Promising Product Adjacencies
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14. PROFILES OF MAJOR COMPANIES
Leading Players and Strategic Archetypes
- Leading Manufacturers and Suppliers
- Regional Specialists and Challengers
- Production Footprint and Manufacturing Capacities
- Product Portfolio and Segment Focus
- Pricing Positioning and Indicative Price Logic
- Channel / Distribution Strength
- Strategic Archetypes
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15. COUNTRY PROFILES
Detailed View of the Most Important National Markets
View detailed country profiles50 countries
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15.1
United States
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.2
China
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.3
Japan
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.4
Germany
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.5
United Kingdom
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.6
France
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.7
Brazil
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.8
Italy
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.9
Russian Federation
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.10
India
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.11
Canada
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.12
Australia
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.13
Republic of Korea
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.14
Spain
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.15
Mexico
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.16
Indonesia
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.17
Netherlands
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.18
Turkey
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.19
Saudi Arabia
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.20
Switzerland
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.21
Sweden
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.22
Nigeria
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.23
Poland
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.24
Belgium
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.25
Argentina
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.26
Norway
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.27
Austria
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.28
Thailand
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.29
United Arab Emirates
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.30
Colombia
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.31
Denmark
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.32
South Africa
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.33
Malaysia
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.34
Israel
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.35
Singapore
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.36
Egypt
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.37
Philippines
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.38
Finland
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.39
Chile
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.40
Ireland
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.41
Pakistan
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.42
Greece
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.43
Portugal
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.44
Kazakhstan
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.45
Algeria
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.46
Czech Republic
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.47
Qatar
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.48
Peru
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.49
Romania
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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15.50
Vietnam
- Market Size
- Demand Drivers
- Country Role in the Market
- Supply Capability / Production Potential / External Dependence
- Competitive Presence
- Strategic Outlook
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16. METHODOLOGY, SOURCES AND DISCLAIMER
How the Report Was Built
- Modeling Logic
- Source Register
- Publications, Regulatory and Industry References
- Analytical Notes
- Disclaimer
Archer-Daniels-Midland Company (ADM)
One of the world’s largest processors.
Bunge Global SA
Major integrated oilseed processor.
Cargill, Incorporated
Major private processor of soybeans.
Louis Dreyfus Company (LDC)
Significant oilseed crushing operations.
Wilmar International Limited
Major soybean crusher in China & globally.
COFCO International
Arm of China’s state-owned COFCO Group.
AG Processing Inc (AGP)
One of largest US soybean processors.
CHS Inc
Significant soybean processing operations.
CJ CheilJedang (CJ)
Significant soybean crushing in Asia.
Borasco
Significant private crusher in China.
Jiusan Group
Large-scale crushing operations in China.
Shandong Sanwei Group
Major soybean oil producer in China.
Xiamen C&D Corporation
Has significant soybean processing assets.
Beidahuang Group
Involved in soybean crushing.
Aceitera General Deheza (AGD)
Leading soybean crusher in Argentina.
Vicentin S.A.I.C.
Historically a top Argentine crusher.
Molinos Río de la Plata
Significant soybean crushing operations.
Amaggi Group
Involved in soybean processing.
Caramuru Alimentos S.A.
One of Brazil’s largest independent crushers.
Imcopa (Industrial Maringá)
Known for non-GMO soybean products.
Cereol (part of Bunge)
Now integrated into Bunge’s operations.
AOT (Aceites del Tolima)
Significant soybean crusher in region.
Aceitera Martínez
Leading soybean crusher in Paraguay.
CJSC Efko
Major soybean processor in Russia.
Sodrugestvo Group
Has soybean crushing operations.
Astra Agro Lestari
Processes soybeans for domestic market.
Nisshin OilliO Group
Processes soybeans, including imports.
Fuji Oil Holdings
Significant soybean oil production.
ITOCHU Corporation
Invests in global crushing assets.
Mitsui & Co., Ltd.
Involved in global oilseed processing.
