Soybean prices averaged USD 1,200 cents per bushel in August, up 0.6% from July. On 31 August, the commodity traded at USD 1,275 cents per bushel, up 8.8% from 31 July.
In August, soybean prices rose for the second consecutive month and remained close to their average level since the outbreak of the U.S.-Iran war in February. Prices were buoyed by rising biofuel demand, partly due to the Middle East conflict lifting energy prices. Ramped up Chinese soybean purchases also supported market optimism regarding demand, further supporting prices.
This chart displays Soybeans (US¢/bu) from 2024 to 2026.
Soybeans CBOT (prices in US¢/bu, aop)
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Soybeans CBOT | - | - | 1,036 | 995 | 1,028 | 1,045 | 1,015 | 1,078 | 1,120 | 1,165 | - | - |