Soybeans Prices

Soybean prices averaged USD 1,028 cents per bushel in September, up 2.0% from August. On 30 September, the commodity traded at USD 1,002 cents per bushel, down 3.4% from 29 August.

In September, average soybean prices remained firmly below their prior five-year level. Markets continue to anticipate a bumper U.S. harvest, boding well for supply and depressing prices in turn. Moreover, the tariff war between China and the U.S. weighed on demand for U.S. grain: China, the largest buyer of U.S. soybeans, recently slashed its purchases to nearly zero.