Soybeans Price OutlookSoybean prices increased robustly over the past month, likely due to stronger U.S. export data. That said, a healthier supply outlook likely capped the overall gain. Soybeans traded at USD 1,370 cents per bushel on 14 January, which was up 8.8% from the same day last month. Moreover, the price was 3.1% higher on a year-to-date basis but was down 4.2% from the same day last year. Prices for soybeans were up at the start of the year on the back of upbeat U.S. export data, which showed that exports hit a record high in the 2020–2021 marketing year. Moreover, elevated fertilizer costs and some supply chain disruptions likely also added some support to prices. That being said, improved weather conditions across parts of South America supported the supply outlook, which should have capped the overall rise. Moreover, a stronger USD in recent weeks likely also weighed somewhat on prices.
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.