Tractor harvesting soybeans in a field

Soybeans Price Outlook

Prices hit a near one-decade low on 18 September, following the U.S. announcement of new tariffs on USD 200 billion worth of Chinese imports, before making a small recovery by early October. On 5 October, soybeans traded at USD 801 cents per bushel, which was up 2.8% from the same day last month. However, the price was 12.9% lower on a year-to-date basis and was down 13.3% from the same day last year. The American tariffs on USD 200 billion worth of Chinese imports came into effect on 24 September. The U.S. had already imposed border taxes on USD 50 billion worth of Chinese imports, which China responded to in kind, including through the targeting of soybean imports. On 24 September, China immediately reacted to the new tariffs with its own on USD 60 billion worth of U.S. imports. Meanwhile, the announcement of a reworked NAFTA on 1 October lifted a cloud over agricultural trade in North America, boosting soybean prices slightly.

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

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

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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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