Global animal feed market overview on July 3, 2026

The global animal feed ingredients market on July 3, 2026 showed mixed movements across major exchanges. CBOT corn and wheat were relatively quiet after the previous recovery, while soybeans and soybean meal remained supported. Vegetable oil prices were mixed, with palm oil under pressure. Freight indicators rose strongly, especially the Baltic Dry Index and Drewry World Container Index.

CBOT corn prices moved sideways

CBOT corn prices changed only slightly in the latest session. The September 2026 contract closed at 166.5 USD/ton, up 0.2 USD/ton. However, the December 2026 contract declined to 173.8 USD/ton, down 0.3 USD/ton, while the March 2027 contract fell to 179.6 USD/ton, down 0.6 USD/ton.

The market remained cautious after the recent recovery, as traders continued to balance USDA data, U.S. weather conditions and South American supply prospects.

Wheat prices were slightly lower

CBOT soft red winter wheat prices were mostly lower. The September 2026 contract stood at 220.3 USD/ton, down 0.1 USD/ton. The December 2026 contract reached 225.6 USD/ton, also down 0.1 USD/ton, while the March 2027 contract declined to 230.2 USD/ton, down 0.2 USD/ton.

Wheat prices showed limited movement as the market monitored crop progress in the U.S., the Black Sea region and Argentina.

Soybeans and soybean meal remained supported

Soybean prices remained relatively firm. The August 2026 soybean contract increased to 417.5 USD/ton, up 1.1 USD/ton. The September 2026 contract edged up to 417.4 USD/ton, up 0.2 USD/ton, while the November contract slipped to 421.7 USD/ton, down 0.6 USD/ton.

Soybean meal also showed mixed but generally steady movements. The August 2026 soybean meal contract increased to 336.8 USD/ton, up 0.2 USD/ton, while the September contract decreased to 334.2 USD/ton, down 0.4 USD/ton.

Vegetable oils were mixed, palm oil declined

CBOT soybean oil for August 2026 increased to 1,470.7 USD/ton, up 1.8 USD/ton. The September contract also rose to 1,461.2 USD/ton, up 0.7 USD/ton, while the October contract eased to 1,449.6 USD/ton, down 0.2 USD/ton.

Palm oil weakened. Bursa Malaysia palm oil for September 2026 fell to 1,104.7 USD/ton, down 6.8 USD/ton. Dalian RBD palm oil declined to 1,337.8 USD/ton, down 2.4 USD/ton. The decline was mainly linked to expectations of rising palm oil production and weaker import demand.

Dalian, energy and freight indicators

On the Dalian exchange, corn increased to 343.6 USD/ton, up 1.0 USD/ton. Soybeans rose to 699.9 USD/ton, up 2.5 USD/ton, while soybean meal increased to 436.4 USD/ton, up 2.4 USD/ton.

WTI crude oil edged up to 68.7 USD/barrel, up 0.1 USD/barrel. The Baltic Dry Index rose strongly to 2,650 points, up 88 points. The Drewry World Container Index also jumped to 4,530 USD per 40-foot container, up 364 USD.

Short-term outlook

In the short term, global feed ingredient prices may continue to move within a mixed range. CBOT corn and wheat may stay cautious after the previous recovery, while soybeans could remain supported by demand expectations. Vegetable oils, especially palm oil, may remain under pressure if supply increases. Freight costs should be monitored closely as rising logistics costs may affect import prices.

Source: Compiled from VnFeedNews, CBOT, Dalian Commodity Exchange, Bursa Malaysia, NYMEX, ICE and Drewry.