FAQs
Historically, Soybeans reached an all time high of 1794.75 in September of 2012. Soybeans - data, forecasts, historical chart - was last updated on April 28 of 2024.
Are soybean prices going up or down? ›
Soybeans. Soybean prices incurred minor losses of around 0.25% as South America's harvest moves closer to the finish line, and with U.S. plantings just getting started. May futures dropped 3.5 cents to $11.5925, with July futures down 2.75 cents to $11.77.
Should I sell my soybeans now? ›
While soybeans hold more value now than they will next spring, selling cash beans now and purchasing a July call option will allow the holder to recapture some of the higher prices that could occur for soybeans, should there be weather problems again for Brazilian and Argentine producers.
How much is 1 bushel of soybeans worth? ›
How much is 1 acre of soybeans worth? ›
The expected gross profit for this productivity soil is $449/acre for corn and $442/acre for soybeans. Assuming a 50-50 rotation the average gross return would be $446/acre. The net return would be calculated by subtracting out the land rent.
Who is the biggest buyer of soybeans? ›
Top importers of Soya beans, whether or not broken in 2022
The world's largest importers of this commodity group in 2022: China - 65% of the world imports ($61 billion) Mexico - 2.77% ($2.61 billion) Japan - 2.74% ($2.57 billion)
What is the soybean outlook for 2024? ›
The national average soybean yield is projected at 52 bu. per acre. The projected total supplies from 2024/25 are 17.24 billion bushels of corn and 4.84 billion bushels of soybeans. The market's job is to find a way to use as many of those bushels as possible.
What is the outlook for soybean prices? ›
U.S. soybean meal exports are forecast at a record 16.5 million short tons while domestic meal demand grows 3.0 percent in 2024/25, compared to 2.7 percent in the prior marketing year. The soybean meal price is forecast down $60 per short ton from last marketing year to $320 per short ton for 2024/25.
What is the soybean prediction for 2024? ›
USDA forecasts 91 million acres of corn and 87.5 million acres of soybean plantings. Trend-line yields for 2024 point to 181 bushels per acre for corn and 52 bushels for soybeans – yields that, if realized, would result in large crops and a need for increased demand.
How much does a farmer make per acre of soybeans? ›
Farmer returns
The operator and land return of $350 per acre for soybeans is down by $170 from the $520 return in 2022. In central Illinois, many farmers have 50% of their acres in corn and 50% in soybeans. Given this crop mix, the average operator and land return is $307 per acre (.
Corn and soybean prices have declined on the back of excess supplies, with disappointing U.S. mandates for plant-based renewable fuels contributing to weakness — and pulling prices for both down by roughly 8% in the first few weeks of the year.
How much do farmers make off soybeans? ›
With November 2023 soybean futures trading at $13.81 per bushel, an expected yield of 65 bushels would result in a producer return of $34 per acre. A producer would need a yield of 63 bushels of soybeans to break even at $13.81.
What is the net profit per acre for soybeans? ›
The median net returns for conventional soybeans and organic soybeans were $68 and $228, respectively. The difference in net return per acre for the bottom and top deciles was $377 for conventional soybeans and was $919 organic soybeans.
How many bushels per acre is good for soybeans? ›
He farms to push yields in every field. “My goal is to average 100 bushels per acre with full-season soybeans and 80 bushels per acre for double-crop soybeans following wheat,” he says. Average soybean yields in Georgia are about 45 bushels per acre.
What is a good price for soybeans? ›
The USDA's forecasts the 2022-23 crop average price at $14.35 per bushel, $0.35 per bushel lower than July's forecast. November soybean futures have been volatile, reaching highs of $15.82 per bushel in early June before falling more than $2.30 at the end of July.
How high will soybean prices go? ›
Similarly, soybeans, which still had high futures prices at harvest, fell from a season average price of $14.30 in 2022/23 to a projected season average of $12.65 in 2023/24 and are projected to decline further to a season average of $11.20 in 2024/25.
What is the highest soybean yield per acre in the world? ›
In a classic case of the student learning from the teacher, Harrell has surpassed the 2019 world record holder and BRANDT product user, Randy Dowdy. Harrell has broken the world record for soybean yield with 206.7997 bushels per acre using BRANDT's propriety nutritional's.
What was the price of soybeans in 1980? ›
Soybean Prices - 45 Year Historical Chart
Soybean Prices - Historical Annual Data |
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Year | Average Closing Price | Year High |
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1980 | $7.2823 | $9.5450 |
1979 | $7.2355 | $8.5800 |
1978 | $6.6034 | $7.4525 |
53 more rows
What was the price of soybeans a year ago? ›
Basic Info
US Soybean Price is at a current level of 487.49, down from 519.75 last month and down from 628.38 one year ago.