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The Johannesburg High Court struck Grain SA’s urgent application to stop the JSE from changing soybean futures pricing methodology, finding that the group had not shown the matter was urgent. Grain SA says the move from a multiple reference point to a single reference point could expose producers to R696 million–R800 million per season.
A change in futures pricing and location differentials could affect farmers’ ability to hedge and the prices received for soybeans, with potential knock-on effects for soybean meal and oil costs. The ruling leaves the exchange’s methodology change in place for now, but does not itself establish a change in physical supply.
sundayworld.co.zaMpho SibanyoniNov 11, 2026After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
After 206 past neutral policy events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.3% to +1.8%), and -0.7% over 20.
After 196 past neutral policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
