Chicago soybean futures fell to $14.2 per bushel, the lowest in over two weeks, hit with a supply and demand double whammy. Agribusiness consultancy Datagro said South American soybean production will hit a record high in the season that is now being planted, citing an expected area expansion to an all-time high. In addition, the forecast point to improved weather conditions during the US harvest. On top of that, there are growing worries that a global recession will hit demand for the oilseed used in everything from renewable fuel to salad dressing.

Historically, Soybeans reached an all time high of 1794.75 in September of 2012. Soybeans - data, forecasts, historical chart - was last updated on September of 2022.

Soybeans is expected to trade at 1458.66 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 1561.18 in 12 months time.

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Soybeans



Price Day Month Year
Soybeans 1,425.50 -0.25 -0.02% -0.85% 10.72%
Wheat 882.24 1.74 0.20% 4.69% 22.15%
Lumber 432.30 -2.70 -0.62% -16.22% -32.66%
Cheese 1.95 0.0010 0.05% -1.06% 19.00%
Palm Oil 3,541.00 -195.00 -5.22% -15.17% -19.41%
Milk 19.88 0.01 0.05% -1.24% 20.19%
Cocoa 2,276.00 29.00 1.29% -6.30% -10.60%
Cotton 92.47 -2.02 -2.14% -21.07% -6.51%
Rubber 132.10 -1.20 -0.90% -8.01% -19.01%
Orange Juice 178.45 -5.55 -3.02% -0.61% 29.12%
Coffee 230.85 10.40 4.72% -4.03% 19.21%
Oat 387.75 -7.2540 -1.84% -5.83% -33.94%
Wool 1,279.00 0 0% -4.69% -6.51%
Rice 17.34 -0.0250 -0.14% -1.76% 23.87%
Canola 819.00 0.30 0.04% -2.33% -7.31%
Sugar 18.74 0.46 2.52% 1.63% 0.05%
Tea 3.05 0 0% -4.69% 0%
Corn 678.22 1.4675 0.22% -0.70% 25.71%


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
1425.25 1425.75 1794.75 401.50 1977 - 2022 USd/BU Daily