Tractor harvesting soybeans in a field

Soybeans Price Outlook

Soybean prices decreased in recent weeks and remained subdued compared to the highs of recent years. On 8 March, soybeans traded at USD 841 cents per bushel, which was down 2.0% from the same day last month. Meanwhile, the price was 0.7% higher on a year-to-date basis but was down 17.5% from the same day last year. The U.S. Department of Agriculture released new estimates on 8 March for the world growing season ending this year, showing a decrease in expected demand compared to its previous forecast. Moreover, there has been limited progress in trade negotiations between the United States and China in recent weeks, which has weighed on prices. The importance of these talks is highlighted by the fact that Chinese purchases of U.S. soybeans fell by 18 million metric tons in 2018 due to higher tariffs.

Soybeans Price History Data (USD cents per bushel, aop)

2013  2014  2015  2016  2017  2018  
Soybeans1419.78  1250.72  936.31  968.21  944.71  889.07  

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities.

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Soybeans Historical Price Chart


Soybeans historical price chart
Note: Chicago Board Of Trade (CBOT) Soybeans, prices in USD cents per bushel (bu). Daily prices.

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities

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