Soybean futures have surged above $13 per bushel after hitting a one-and-a-half-year low of $12.7 on May 31st, helped by forecasts of dry weather conditions in the US Midwest, which have raised concerns about newly planted crops. Additionally, bullish April crushing data has provided further support to the soybean market. According to the US Department of Agriculture, US processors crushed 187 million bushels of soybeans in April, surpassing the expectations of analysts. However, concerns about weak demand have been fueled by recent reports indicating mediocre weekly export sales of US soybeans.

Historically, Soybeans reached an all time high of 1794.75 in September of 2012. Soybeans - data, forecasts, historical chart - was last updated on June of 2023.

Soybeans is expected to trade at 1324.23 USd/BU by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1242.95 in 12 months time.

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Soybeans



Price Day Month Year
Soybeans 1,386.50 23.25 1.71% -1.25% -16.58%
Wheat 630.25 4.00 0.64% -1.72% -41.90%
Lumber 506.41 -8.59 -1.67% 13.80% -8.90%
Cheese 1.69 -0.0090 -0.53% -5.21% -27.99%
Palm Oil 3,367.00 103.00 3.16% -9.22% -43.13%
Milk 15.11 -0.04 -0.26% -8.20% -37.92%
Cocoa 3,180.00 31.00 0.98% -2.63% 33.33%
Cotton 84.04 -0.27 -0.32% 4.06% -42.07%
Rubber 133.30 -0.40 -0.30% -3.62% -20.32%
Orange Juice 257.95 -0.40 -0.15% -3.21% 39.39%
Coffee 190.65 -4.20 -2.16% 0.71% -16.71%
Oat 355.27 -0.9797 -0.28% 5.27% -42.44%
Wool 1,208.00 0 0% -5.92% -15.99%
Rice 19.03 0.2450 1.30% 4.19% 14.82%
Canola 685.90 6.10 0.90% -12.03% -37.88%
Sugar 25.38 -0.10 -0.39% -4.80% 34.50%
Tea 2.57 0 0% -7.22% -4.81%
Corn 604.51 -5.7407 -0.94% 1.77% -17.50%


Soybeans
Soybeans Futures are available for Trading in The Chicago Board of Trade (CBOT® ). The United States, Brazil, Argentina and Paraguay are the biggest producers and exporters of soybeans in the world, concentrating more than 80% of total production and 90% of total exports. China is the biggest importer of soybeans (60% of total imports) followed by the European Union, Mexico, Japan and Taiwan. The Soybean market prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
1386.50 1363.25 1794.75 401.50 1977 - 2023 USd/BU Daily