Data from the European Commission indicates that, at the start of the 2026/27 season, overall EU imports of oilseeds and vegetable oils have trailed last year's levels. As of August 9, soybean imports by the EU-27 for the 2026/27 season (which began on July 1) totaled approximately 1.114 million tonnes, a year-on-year decline of 32%.
The EU is a major global market for soybean imports; the sharp 32% drop in volume to 1.114 million tonnes by August 9 reflects weak regional demand. This trend exerts bearish pressure on soybean spot prices and is expected to weigh on the performance of related soybean futures contracts.
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