Soybeans Price OutlookThe price of soybeans fell slightly in recent weeks. Soybeans traded at USD 839 cents per bushel on 15 May, which was down 0.4% from the same day last month. In addition, the price was 11.1% lower on a year-to-date basis, but it was up 0.4% from the same day last year. The ongoing coronavirus pandemic has continued to undermine soybean demand, including for its uses as an animal feed and an input into bio-fuels, weighing on prices. Moreover, concerns are growing about the feasibility of the â€œphase oneâ€ trade deal that China and the U.S. agreed to in January, which could hit prices if China were to raise soybean tariffs. On a more positive note for prices, the USDA forecast on 12 May that global soybean production would rise in the growing season ending in 2021 at a slower pace than demand.
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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