Tractor harvesting soybeans in a field

Soybeans Price Outlook

Soybean prices inched down over the past month as demand conditions softened. Soybean prices averaged USD 1,662 cents per bushel in May, which was down 1.2% from April's price and was 6.8% higher than in the same month last year. Meanwhile, on 31 May, the spot price was USD 1,683 cents per bushel, which was 1.5% lower than on the same day of the previous month. Prices retreated slightly in recent weeks, amid softer demand in Asia and South America. Moreover, the outlook for global vegetable oil supply improved in May, after Indonesia lifted its palm oil export ban, thus weighing on soybean prices. That said, soybean prices remained generally elevated, partly on fears of a global food crisis due to the war in Ukraine.

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

2015  2016  2017  2018  2019  
Soybeans 943.11  987.01  977.8  934.24  892.18  

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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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