Soybeans futures slipped below $10 a bushel from an over 2-year high reached last week, with traders booking profits as seasonal harvest accelerates while a resurgence of coronavirus cases in Europe and new restrictions threatened to hamper a global economic recovery. Still, prices have been supported by strong demand from top importer China.
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 2020.
Soybeans is expected to trade at 976.39 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 902.73 in 12 months time.