Soybeans Price OutlookPrices fell to multi-year lows in July as China imposed retaliatory tariffs on U.S. soybean exports. On 6 July, soybeans traded at USD 843 cents per bushel, which was down 12.1% from the same day last month. The price was 8.3% lower on a year-to-date basis and was down 11.7% from the same day last year. On 6 July, the U.S. imposed widely-anticipated tariffs on imports from China, leading the Asian giant to retaliate with tariffs of its own, including on soybean imports from the United States. China is the world’s largest consumer of soybeans, so the increased cost of sending supplies there for U.S. farmers, coupled with broader concerns of the depressing effect of a trade war on the global economy, has hit market prices. Moreover, on 12 June, the U.S. Department of Agriculture upwardly revised its projection for world soybean production for the season ending in 2019.
Soybeans Price History Data (USD cents per bushel, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Soybeans Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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