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Key Takeaway
US Soybeans Chicago First-Contract Futures prices increased from US$ 368.49/MT in October 2024 to US$ 481.72/MT in September 2026, a gain of 30.7%. Prices declined to a low of US$ 361.24/MT in December 2024 before recovering through the remainder of the period, with a particularly strong increase during February–March 2026. The trend indicates a strong upward movement in the quoted benchmark.
- Chicago soybean futures are influenced by U.S. planting intentions, harvested acreage, crop yields, and weather conditions during planting, flowering, and pod development. Production in Brazil and Argentina affects global availability and competition in export markets. Chinese import demand, U.S. export sales, domestic crushing requirements, and inventory levels are important indicators of market balance.
- Soybean prices are also affected by the relative profitability of soybean and corn cultivation, trade tariffs, exchange rates, freight costs, and government agricultural policies. Changes in soybean meal and soybean oil prices influence crushing margins and can affect processors' willingness to purchase raw soybeans.
About This Dataset
This dataset tracks Chicago soybean futures for U.S. No. 2 yellow soybeans and par, using the first forward contract and quoted in US dollars per metric ton. It supports monitoring of the principal soybean benchmark and analysis of price changes associated with crop prospects, weather, export demand, crush margins, stocks, and trade policy.
Methodology
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