Tractor harvesting soybeans in a field

Soybeans Price Outlook

The 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)

2015  2016  2017  2018  2019  
Soybeans 943.11  987.01  977.8  934.24  892.18  

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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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