Soybeans Price OutlookSoybean prices have declined moderately in recent weeks. On 9 September, soybeans traded at USD 990 cents per bushel, which was 1.5% lower than on the same day in August. That said, the price was up 14.7% on a year-to-date basis and was 14.5% higher than on the same day in 2015. The decline in soybean prices seen in June and July slowed down in August. The fall in prices earlier this summer was due to a supply glut following a sharp increase in supply from South America after it overcame the damaging effects of floods. The harvest from the United States is not yet fully underway and current stock piles are dwindling while global demand for the U.S. crop has surged in recent weeks, mitigating the fall in prices. Going forward, rainfalls are expected in the coming weeks, which is fueling concerns over crop diseases and therefore the risk of harvest shortfalls.
Soybeans Price History Data (USD cents per bushel)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Note: Chicago Board Of Trade (CBOT) Soybeans, prices in USD cents per bushel (bu). Prices are average of period (aop).
Soybeans Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities