Soybeans Prices

Soybean prices averaged USD 1,007 cents per bushel in August, down 0.4% from July. On 29 August, the commodity traded at USD 1,037 cents per bushel, up 7.8% from 31 July.

In August, soybean prices averaged the lowest level seen so far this year, easing for the third consecutive month. Markets continue to anticipate a bumper U.S. harvest, boding well for supply. Concerns over redirected Chinese demand further weighed on prices; China has begun to shift away from U.S. grains due to ongoing tariff disputes. Still, U.S. export sales were stronger than expected at the end of August, lending some support to prices.