Soybean futures climbed toward $12.5 per bushel, approaching a break above their highest level since May 2024 as strong export demand, higher crude oil prices, and mounting weather concerns continued to underpin the market. USDA reported multiple soybean export sales to China this month, including 340,000 metric tons and 264,000 metric tons in recent weeks, alongside 256,634 tons to Mexico, highlighting robust overseas demand for US supplies. Additionally, crude oil prices remained elevated near $100 per barrel amid escalating tensions in the Middle East, improving the outlook for soybean oil demand in biofuel production. Weather risks also supported prices as hot and dry conditions in parts of Europe and the Black Sea region raised concerns over global crop prospects, while traders continued to monitor US weather during the key pod-setting stage for soybean development.

Soybeans rose to 1,242.12 USd/Bu on July 24, 2026, up 0.37% from the previous day. Over the past month, Soybeans's price has risen 10.17%, and is up 24.37% compared to the same time last year, 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 July 24 of 2026.

Soybeans rose to 1,242.12 USd/Bu on July 24, 2026, up 0.37% from the previous day. Over the past month, Soybeans's price has risen 10.17%, and is up 24.37% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Soybeans is expected to trade at 1218.27 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 1272.92 in 12 months time.



Price Day Month Year Date
Soybeans 1,242.12 4.62 0.37% 10.17% 24.37% Jul/24
Wheat 672.34 -23.91 -3.43% 13.76% 24.91% Jul/24
Lumber 658.55 1.05 0.16% 6.65% -2.29% Jul/24
Cheese 1.69 -0.0104 -0.61% 6.33% -4.00% Jul/24
Palm Oil 4,722.00 12.00 0.25% 3.62% 10.43% Jul/24
Milk 15.78 0.02 0.13% -1.56% -8.94% Jul/24
Cocoa 5,381.22 80.22 1.51% 2.56% -35.39% Jul/24
Cotton 80.50 -0.714 -0.88% 4.58% 20.17% Jul/24
Rubber 219.30 0.90 0.41% 4.03% 26.32% Jul/24
Orange Juice 144.37 -2.43 -1.65% 1.53% -55.21% Jul/24
Coffee 315.80 6.40 2.07% 14.25% 6.13% Jul/24
Oat 329.51 -2.9892 -0.90% 20.37% -8.97% Jul/24
Wool 1,873.00 0 0% -3.60% 51.17% Jul/24
Rice 13.95 -0.1838 -1.30% 7.49% 10.55% Jul/24
Canola 823.87 -12.03 -1.44% 10.19% 17.56% Jul/24
Sugar 14.64 -0.05 -0.36% 3.81% -10.15% Jul/24
Tea 221.81 -5.08 -2.24% -2.71% 8.01% Jul/18
Corn 461.37 -2.6315 -0.57% 11.24% 15.49% Jul/24



Related Last Previous Unit Reference
United States Corn Stocks 5.29 9.02 Billion Bushels Jun 2026
United States Soybean Stocks 1.06 2.10 Billion Bushels Jun 2026
United States Wheat Stocks 0.92 1.30 Billion Bushels Jun 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
1242.12 1237.50 1794.75 401.50 1977 - 2026 USd/BU Daily

News Stream
Soybeans Near May 2024 High
Soybean futures climbed toward $12.5 per bushel, approaching a break above their highest level since May 2024 as strong export demand, higher crude oil prices, and mounting weather concerns continued to underpin the market. USDA reported multiple soybean export sales to China this month, including 340,000 metric tons and 264,000 metric tons in recent weeks, alongside 256,634 tons to Mexico, highlighting robust overseas demand for US supplies. Additionally, crude oil prices remained elevated near $100 per barrel amid escalating tensions in the Middle East, improving the outlook for soybean oil demand in biofuel production. Weather risks also supported prices as hot and dry conditions in parts of Europe and the Black Sea region raised concerns over global crop prospects, while traders continued to monitor US weather during the key pod-setting stage for soybean development.
2026-07-24
Soybeans Hits 25-month High
Soybeans increased to 1240.00 USd/Bu, the highest since May 2024. Over the past 4 weeks, Soybeans gained 11.81%, and in the last 12 months, it increased 23.44%.
2026-07-23
Soybeans Jump to Over 2-Year High
Soybean futures jumped to around $12.4 per bushel, the highest since May 2024 as oil prices surged on escalating Middle East tensions. Crude oil prices climbed to multi-week highs after Iran-backed Houthi militants claimed attacks on two Saudi oil tankers in the Red Sea and US President Donald Trump threatened to bomb Iranian infrastructure in response to any attacks on ships transiting the Strait of Hormuz. Soybeans often track crude oil due to its use as a biofuel feedstock. Additionally, prices remain supported by strong export demand, particularly after a fresh round of large US sales to China and other buyers reported this week. USDA confirmed sales of 340,000 metric tons to China, 246,634 tons to Mexico, and 110,000 tons to an unknown destination, following another 136,000-ton sale to China earlier in the week. Meanwhile, the USDA rated 66% of US soybean crops in good-to-excellent condition, up one percentage point from the previous week and above market expectations.
2026-07-23