Soybeans Price OutlookThe price of soybeans tumbled in recent weeks and traded at USD 894 cents per bushel on 14 February, which was down 5.1% from the same day last month. Moreover, the price was 5.2% lower on a year-to-date basis and it was down 1.1% from the same day last year. On 11 February, the USDA projected that the global stockpile of soybeans will end this season at a higher level than previously expected, primarily due to higher-than-expected supply in Brazil. The forecast change was also partly due to an upward revision in Chinese demand, despite the coronavirus outbreak, likely taking into account the 6 February announcement by the Chinese government to lower its U.S. soybean import tariff to 27.5% from 30.0%.
Soybeans Price History Data (USD cents per bushel, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Soybeans Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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