Soybeans Price OutlookThe price of soybeans fell in recent weeks on demand worries. On 29 November, soybeans traded at USD 877 cents per bushel, which was 4.5% lower than on the same day last month. Moreover, the price was down 0.7% on a year-to-date basis and was 1.2% lower than on the same day last year. In early November, the USDA revised down its forecast for U.S. soybean demand in the current growing season ending next year, leading to an upward revision in the forecast for remaining stocks at the end of the season. Moreover, the USDA revised up its forecast for stocks of soybeans internationally (excluding the U.S.) on weaker-than-previously-expected demand. That said, a potential easing of tensions related to the U.S.-China trade war could boost demand for soybeans, especially if tariffs were to be reduced.
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
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.