Soybean futures rose to above $11.9 per bushel, moving back toward two-year highs as supportive USDA projections and resilient global demand lifted prices. The agency’s first outlook for the 2026/27 season pointed to tighter-than-expected US supply conditions, forecast at 120.7 million tons versus market expectations of around 125 million tons. While global soybean production was projected at a record 441.5 million tons, consumption was seen holding near similar levels, helping ease concerns over a significant supply surplus. The USDA also projected Chinese soybean imports to rise to 114 million tons in 2026/27 from 112 million in the current season. Meanwhile, strong US planting progress reinforced expectations for another solid harvest, with 49% of the crop already planted, well ahead of the historical average of 36%. In South America, Brazil’s soybean harvest neared completion and production is expected to reach around 180 million tons, while exports continued at a record pace.

Soybeans fell to 1,184.30 USd/Bu on June 1, 2026, down 0.21% from the previous day. Over the past month, Soybeans's price has fallen 1.92%, but it is still 14.59% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Soybeans reached an all time high of 1794.75 in September of 2012. Soybeans - data, forecasts, historical chart - was last updated on June 1 of 2026.

Soybeans fell to 1,184.30 USd/Bu on June 1, 2026, down 0.21% from the previous day. Over the past month, Soybeans's price has fallen 1.92%, but it is still 14.59% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Soybeans is expected to trade at 1192.31 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 1252.61 in 12 months time.



Price Day Month Year Date
Soybeans 1,184.04 -2.71 -0.23% -1.94% 14.57% Jun/01
Wheat 613.53 3.03 0.50% -2.54% 13.83% Jun/01
Lumber 587.97 0.47 0.08% 2.43% -1.78% Jun/01
Cheese 1.63 0.0083 0.51% -2.44% -17.21% Jun/01
Palm Oil 4,535.00 -2.00 -0.04% -0.77% 16.94% May/29
Milk 16.90 -0.01 -0.06% -0.24% -9.19% Jun/01
Cocoa 3,903.06 -19.94 -0.51% 0.52% -58.84% Jun/01
Cotton 76.72 0.571 0.75% -7.48% 15.92% Jun/01
Rubber 228.30 6.20 2.79% 5.99% 40.93% May/29
Orange Juice 158.11 -1.14 -0.72% -17.18% -43.82% Jun/01
Coffee 260.94 -4.66 -1.76% -8.60% -23.96% Jun/01
Oat 352.51 -6.2386 -1.74% 3.22% -7.23% Jun/01
Wool 1,934.00 0 0% 1.95% 60.63% Jun/01
Rice 12.55 -0.0506 -0.40% 10.42% -6.14% Jun/01
Canola 777.22 16.32 2.14% 2.43% 13.34% Jun/01
Sugar 14.55 0.49 3.47% -4.85% -13.79% Jun/01
Corn 442.46 -4.2938 -0.96% -6.61% 0.96% Jun/01



Related Last Previous Unit Reference
United States Corn Stocks 9.02 13.28 Billion Bushels Mar 2026
United States Soybean Stocks 2.10 3.29 Billion Bushels Mar 2026
United States Wheat Stocks 1.30 1.68 Billion Bushels Mar 2026

Soybeans
Soybeans are one of the most important agricultural commodities globally, widely used for food products, animal feed, and biofuels. As a result, soybean prices are closely followed due to their impact on food supply chains, livestock production, and global trade flows. Soybean futures are traded on the Chicago Board of Trade (CBOT) and serve as a global benchmark for pricing. The market is dominated by major producers and exporters, including the United States, Brazil, Argentina, and Paraguay, which together account for the majority of global production and exports. On the demand side, China is by far the largest importer, followed by the European Union, Mexico, Japan, and Taiwan. Soybean prices displayed on Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments and are intended to provide a general market reference only. These prices do not represent official benchmark prices. The data is supplied by a third party and, while efforts are made to ensure its reliability, Trading Economics does not verify the data and makes no representations or warranties.
Actual Previous Highest Lowest Dates Unit Frequency
1184.30 1186.75 1794.75 401.50 1977 - 2026 USd/BU Daily

News Stream
Soybeans Rise Toward 2-Year Highs
Soybean futures rose to above $11.9 per bushel, moving back toward two-year highs as supportive USDA projections and resilient global demand lifted prices. The agency’s first outlook for the 2026/27 season pointed to tighter-than-expected US supply conditions, forecast at 120.7 million tons versus market expectations of around 125 million tons. While global soybean production was projected at a record 441.5 million tons, consumption was seen holding near similar levels, helping ease concerns over a significant supply surplus. The USDA also projected Chinese soybean imports to rise to 114 million tons in 2026/27 from 112 million in the current season. Meanwhile, strong US planting progress reinforced expectations for another solid harvest, with 49% of the crop already planted, well ahead of the historical average of 36%. In South America, Brazil’s soybean harvest neared completion and production is expected to reach around 180 million tons, while exports continued at a record pace.
2026-05-29
Soybean Prices Extend Decline
Soybean futures fell below $11.90 per bushel, retreating further from recent two-year highs as uncertainty over global trade and geopolitical developments weighed on prices. A potential US–Iran peace deal that could reopen the Strait of Hormuz and restore flows of fuel and fertilizers critical for crop production is seen as supportive for agricultural supply, potentially boosting global grain output. However, crude oil prices rebounded on reports of fresh US strikes in southern Iran, reinforcing biofuel-related demand. Elsewhere, doubts over a US–China trade agreement weighed on prices, after Beijing did not confirm the Trump administration’s claim that it had committed to purchasing at least $17 billion in US agricultural products annually through 2028, alongside existing soybean pledges. China’s Ministry of Commerce said the two sides had only agreed on a “guiding target” to expand agricultural trade, without referencing the $17 billion figure.
2026-05-26
Soybeans Fall on US-China Trade Deal Doubts
Soybean futures declined to below $11.9 per bushel, retreating from recent two-year highs, as doubts surrounding a US-China trade agreement weighed on prices. The drop followed China's failure to confirm the Trump administration's assertion that Beijing had committed to purchasing at least $17 billion in US agricultural products annually through 2028, in addition to its current soybean pledges. Prices had surged last week after the White House announced the deal, which came after discussions between President Donald Trump and Chinese leader Xi Jinping in Beijing. However, China’s Ministry of Commerce stated that the two countries had merely established a “guiding target” to increase agricultural trade, without mentioning the $17 billion figure. While US farmers welcomed the potential demand boost, they still face pressure from low crop prices, high production costs, Trump’s tariffs, and rising fertilizer expenses tied to the Middle East conflict.
2026-05-20