Soybean Oil Price Per Ton (2026)
BEST AGRI BUSINESS — Trader based in Lomé, Togo. We source and export crude (degummed) and RBD-refined soybean oil from West Africa to regional and international markets. Request a price per ton →
Soybean oil price per ton in 2026 stands around $970/MT on the CBOT, supported by firm crude oil prices and structurally robust demand, notably for biofuels. Specialist analysts (Mielke / Oil World) anticipate a $100-150/MT rise over the coming six months due to tightening supply. For B2B buyers — refiners, packagers, soap makers or agribusiness operators — understanding what this price covers is essential to optimize purchasing. Overview.
Current soybean oil price per ton (2026)
Reference levels observed in 2026:
| Market / product | Price (2026) |
|---|---|
| CBOT Soybean Oil (July futures) | ~ $970/MT (≈ 44 ¢/lb) |
| CBOT Soybeans (July contract) | ~ $1,197/bu (≈ $440/MT) |
| Crude degummed oil (FOB Argentina) | ~ $990-1,020/MT |
| RBD refined oil (Europe CIF) | ~ $1,050-1,100/MT |
| FOB Lomé (crude or RBD soybean oil) | on request, indexed CBOT + basis |
CBOT Soybean Oil is the global reference, quoted in cents per pound (¢/lb) — to convert to $/MT, multiply by 22.046. A 44 ¢/lb quote thus corresponds to approximately $970/MT. As an indication, the soybean grain trades around $1,197/bu, or about $440/MT — oil thus represents a valorisation premium of approximately 2.2x over crude soybean, justified by crushing and refining processes.
Soybean, oil, meal: understanding value decomposition
Soybean oil is never produced alone: it’s a co-product of crushing the bean, inseparable from soybean meal. For 1 tonne of crushed soybeans: – 180 kg crude oil (yield ~18%); – 790 kg meal (~79%); – losses ~3%.
The price of soybean oil thus depends on three interconnected markets: 1. Soybean grain price (raw material cost); 2. Meal price (co-product sharing crushing cost); 3. Alternatives in competing oils (palm, rapeseed, sunflower, cotton).
Palm oil remains the main competitor: when its price rises (as projected for early 2026), soybean oil mechanically follows. Conversely, a collapse of crude oil prices compresses biofuel demand and weighs on vegetable oils.
Why source in West Africa? — Lomé and Cotonou host operational crushing and refining units. Buying your soybean oil FOB West Africa shortens the logistics chain to West and Central African markets and the Mediterranean basin. Receive our offer →.
2026 outlook: anticipated $100-150/MT rise
According to reference analyst Thomas Mielke (Oil World), global soybean oil prices should rise $100 to $150/tonne during the first semester of 2026. This anticipation is based on three factors:
- Global vegetable oil supply tightening — palm production in Indonesia and Malaysia is under climate pressure, and soy-to-biodiesel conversion in the US absorbs a growing share of production.
- Rising biofuel demand — B30/B40 mandate policies in Indonesia, Brazil and EU support industrial consumption.
- Firm crude oil prices — soybean oil, like all oils, is partially correlated to crude for its energy outlets.
For buyers, this bullish outlook incentivizes securing 2026 volumes from H1, either through forward contracts (CBOT futures), or multi-month physical contracts with a regional trader.
Crude (degummed) vs RBD refined oil: which price for which use
Price per ton depends on refining level:
| Type | Process | Use | Price spread |
|---|---|---|---|
| Crude | Extractor output, contains gums (phospholipids) | Crushing, retreatment, industrial uses | Base |
| Degummed | Gum removal by water wash | Storage, long-distance transport, later refining | + $20-40/MT |
| RBD refined (Refined, Bleached, Deodorized) | Full refining, ready to pack | Human food, bottle packaging | + $80-130/MT vs crude |
BEST AGRI BUSINESS offers the three levels depending on your downstream process. For a soap maker or oleochemistry operator, crude is enough. For a PET bottle packager or edible oil wholesaler, RBD is required.
How to request a soybean oil FOB Lomé price
Our quotation process:
- You specify: type (crude, degummed, RBD), quantity (MT), Incoterm (FOB Lomé, CFR import port), packaging (22 MT flexitank, 200 L drums, PET bottle).
- We index on the most relevant CBOT + day’s West African basis.
- Offer within 24-48 hours with specs (FFA, Lovibond colour, peroxide), price, lead time and payment terms.
Practical MOQ: from one 22 MT flexitank for regional distributors, scaling to several hundred MT for refineries.
Need to secure your 2026 soybean oil before the anticipated rise? Free quote — 24-48h response. Crude, degummed or RBD refined, FOB Lomé or CFR your port. Request a quote →
Conclusion
Soybean oil price per ton in 2026 trades around $970/MT on CBOT, with an upward outlook of $100-150/MT during the first semester. The global price serves as reference, but actually-paid price varies strongly depending on refining level (crude, degummed, RBD), packaging (flexitank, drum, PET), Incoterm and origin. For buyers targeting West and Central African markets, sourcing from a regional trader like BEST AGRI BUSINESS combines transparent CBOT indexing, short logistics from Lomé and product flexibility (crude/RBD depending on process).
Internal links: – Soybean meal price per ton (article F-EN — co-product) – Top soybean exporters and West African sourcing (article H-EN) – Product page: Refined soybean oil – Product page: Crude soybean oil – Our West African sourcing services