Tractor harvesting soybeans in a field

Soybeans Price Outlook

Soybean prices fell to the lowest level since late December 2020 in early October, due to weak Chinese demand and healthy supply levels. Soybeans traded at USD 1,247 cents per bushel on 7 October, which was down 2.3% from the same day last month. Meanwhile, the price was 5.2% lower on a year-to-date basis but was up 18.7% from the same day last year. A moderating demand outlook likely dragged on prices in recent weeks: Chinese import data showed that demand from the Asian giant fell in August due to plummeting pork prices, low crushing margins and relatively high international bean prices. Furthermore, favorable weather in the Midwestern U.S. over the past couple of months has supported the supply outlook, with this year’s yield expected to be one of the highest on record.

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

2015  2016  2017  2018  2019  
Soybeans 943.11  987.01  977.8  934.24  892.18  

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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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