The weekly export sales report released by the US Department of Agriculture shows that as of the week of January 29, 2026, the net sales volume of soybean oil in the United States for the year 2025/26 was 1,000 tons, a decrease of 96% from last week and a decrease of 95% from the four week average.

The report from the US Department of Agriculture shows that soybean oil export sales were only 1,000 tons, a decrease of 96% month on month and a decrease of 95% year-on-year, indicating a sharp decline in international demand and significant downward pressure on spot prices, which may lead to inventory accumulation and price decline. Based on the soybean oil futures market, with the closing price of contract 2603 at 8,164 RMB/ton (down 16 points) and contract 2605 at 8,104 RMB/ton (down 8 points), the market has shown a downward trend. This report may exacerbate the expectation of a downward trend in futures prices, as weak demand weakens bullish support.

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