Soybeans Price OutlookSoybean prices fell to the lowest level since late December 2020 in early October, due to weak Chinese demand and healthy supply levels. Soybeans traded at USD 1,247 cents per bushel on 7 October, which was down 2.3% from the same day last month. Meanwhile, the price was 5.2% lower on a year-to-date basis but was up 18.7% from the same day last year. A moderating demand outlook likely dragged on prices in recent weeks: Chinese import data showed that demand from the Asian giant fell in August due to plummeting pork prices, low crushing margins and relatively high international bean prices. Furthermore, favorable weather in the Midwestern U.S. over the past couple of months has supported the supply outlook, with this year’s yield expected to be one of the highest on record.
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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