Tractor harvesting soybeans in a field

Soybeans Price Outlook

Soybean prices extended May’s rally throughout June. On 5 July, soybeans traded at USD 843 cents per bushel, which was up 2.2% from the same day last month. Moreover, the price was 1.0% higher on a year-to-date basis and was up 4.8% from the same day last year. After bottoming in early-May, soybean prices have continued to recover in recent weeks, as reports from the U.S. Department of Agriculture showed adverse weather caused major delays in the planting of soybeans, as well as poorer crop conditions. As of 30 June, though most soybeans were finally planted, only 83% emerged compared to a five-year average of 95%. Moreover, only 54% of crops were deemed in “good” or “excellent” condition, compared to 71% in 2018.

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

2013  2014  2015  2016  2017  2018  
Soybeans1419.78  1250.72  936.31  968.21  944.71  889.07  

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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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