Soybeans prices averaged USD 1,020 cents per bushel in September, up 4.7% from August. On 30 September, the commodity traded at USD 1,057 cents per bushel, up 7.6% from 30 August.
Following three consecutive months of decline, prices rose in September on mounting supply concerns and expectations of firming demand. Drought in Brazil delayed planting and halted grain shipments in the north. Moreover, markets braced for the impact of tropical storm Helene on key producing regions in the U.S. On the demand side, newly adopted stimulus measures in China fueled expectations for stronger imports ahead.
This chart displays Soybeans (US¢/bu) from 2022 to 2024.
Soybeans CBOT (prices in US¢/bu, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|---|---|---|
| Soybeans CBOT | 1,506 | 1,427 | 1,392 | 1,316 | 1,198 | 1,188 | 1,036 | - |