Tractor harvesting soybeans in a field

Soybeans Price Outlook

Soybean prices rose this month on strong demand from China and slightly lower U.S. crop production forecasts. Chinese year-on-year import growth was high in October, although it was below market forecasts due to delayed shipments. On 14 November, the U.S. Department of Agriculture (USDA) noted that Chinese soybean imports are expected to be higher this crop season than previously forecast. It also noted that U.S. soybean crop yields are expected to be lower than previously forecast. On 1 December, soybeans traded at USD 959 cents per bushel, which was up 2.0% from the same day in the prior month. However, the price was 1.9% lower on a year-to-date basis and was down 4.6% from the same day in 2016.

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

2012  2013  2014  2015  2016  
Soybeans1454.53  1419.78  1250.72  936.31  968.21  

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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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