Soybeans decreased to a 13-week low of 1568 USd/Bu, tracking lower palm oil prices as Indonesia has increased its export quota while allowing palm oil producers to export seven times the amount it sold domestically from previously five times to reduce high domestic inventories. Meantime, China reportedly cancelled at least five soybean cargoes sold from the US last week. Three August cargoes that had been booked out of Gulf ports and two out of the Pacific Northwest have been settled contractually rather than being physically lifted according to trade reports, with rumors that the volume could partially have been shifted to Brazil.

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

Soybeans is expected to trade at 1655.92 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 1749.09 in 12 months time.

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Soybeans



Price Day Month Year
Soybeans 1,580.25 5.00 0.32% -8.56% 13.97%
Wheat 792.25 1.00 0.13% -26.08% 28.87%
Lumber 639.60 -0.40 -0.06% 7.17% -18.00%
Cheese 2.18 0.0240 1.11% -7.98% 32.93%
Palm Oil 4,055.00 -119.00 -2.85% -37.66% 6.85%
Milk 22.41 0.31 1.40% -8.27% 32.21%
Cocoa 2,307.00 41.00 1.81% -6.79% 0.44%
Cotton 99.68 -9.32 -8.55% -27.63% 15.40%
Rubber 253.00 -7.50 -2.88% -2.47% 15.00%
Orange Juice 183.50 10.55 6.10% -0.08% 41.43%
Coffee 222.50 -2.45 -1.09% -4.16% 48.58%
Oat 663.50 3.5000 0.53% -0.67% 74.15%
Wool 1,418.00 -12.00 -0.84% 0.28% 0.64%
Rice 15.85 0.0150 0.09% -6.46% 25.70%
Canola 863.60 -18.20 -2.06% -23.15% 3.90%
Sugar 17.99 0.19 1.07% -5.17% 1.35%
Tea 2.76 0 0% 2.60% -6.76%
Corn 745.75 9.7500 1.32% -1.49% 14.29%


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
1580.25 1575.25 1794.75 401.50 1977 - 2022 USd/BU Daily