Global Feed Ingredient Prices on July 7, 2026: CBOT Soybeans Surge After China Buying News

Global feed ingredient prices recorded a strong upward movement in the latest trading session, with CBOT agricultural commodities leading the gains. The most notable driver came from reports that China’s state-owned buyer COFCO purchased at least 10 cargoes of U.S. soybeans, equivalent to around 300,000 tonnes, for shipment from September to November.

In the CBOT market, corn futures increased by 6.0–6.4 USD/tonne. The September 2026 contract closed at 172.5 USD/tonne, while December 2026 and March 2027 contracts reached 180.1 USD/tonne and 186.0 USD/tonne, respectively. Wheat also moved higher, with CBOT SRW wheat rising by 5.3–5.4 USD/tonne. The September 2026 wheat contract settled at 225.6 USD/tonne.

Soybeans were the strongest performer. CBOT soybean futures increased by 16.4–17.6 USD/tonne, with the August 2026 contract closing at 435.0 USD/tonne. Soybean meal also gained strongly, reaching 345.0 USD/tonne for the August 2026 contract, while soybean oil jumped by 21.8–24.9 USD/tonne.

Weather concerns in the U.S. Midwest also supported prices. Forecasts showed above-normal temperatures across key growing areas, raising concerns over corn and soybean crop development during the important summer growth stage. According to USDA data, 67% of the U.S. corn crop and 64% of the soybean crop were rated good to excellent.

Outside the CBOT market, Dalian corn and soybeans declined slightly, while Dalian soybean meal, RBD palm oil and Bursa palm oil moved higher. Bursa palm oil rose by 13.7 USD/tonne, supported by gains in soybean oil and palm oil contracts in China. However, expectations of higher Malaysian palm oil production and inventories may continue to limit further upside.

Freight indicators also showed mixed movements. The Baltic Dry Index increased by 80 points to 2,797, while the Drewry World Container Index remained unchanged at 4,530 USD per 40-foot container.

Overall, the global feed ingredient market is showing a clear recovery tone, mainly driven by stronger soybean demand, weather risks in the U.S. and firm vegetable oil prices. Market participants should continue to monitor Chinese buying activity, U.S. crop conditions and freight cost movements in the coming sessions.