This statistic depicts the average annual prices for soybeans from 2014 through 2026*. In 2023, the average price for soybeans stood at 598 nominal U.S. dollars per metric ton.

This statistic shows the average price per tonne of soya beans in the United Kingdom (UK) from 2000 to 2015, according to agricultural commodity price figures. The average price of soya beans in 2012 was 273.14 British pounds per tonne.

Interactive chart of historical daily corn prices back to 1959. The price shown is in U.S. Dollars per bushel.

The US soybean farming industry is navigating significant changes in the current period, with soybean prices determining the initial rise and recent decline in industry performance. These prices have been influenced by several key factors, including the growing demand for biofuels and mixed consumer perceptions regarding soy products. The demand for soybean oil in biofuel production surged due to supportive policies like the Renewable Fuel Standard and rising crude oil prices, creating a lucrative market for soybean producers. However, subsequent drops in fertilizer and crude oil prices, paired with record-high soybean production, have sharply dropped soybean prices, bringing revenue and profit down with them as farmers struggle to balance costs with lower incomes. Industry has shrunk a compound annual growth rate (CAGR) of 2.6%, with a decrease of 8.7% in 2025, reaching an estimated $44.2 billion. US soybean exports are facing mounting challenges due to competitive pressures abroad and quickly evolving trade policy. Brazil’s increased production and improved export infrastructure have strengthened its position as a major supplier, particularly to China, which is reducing its reliance on US soybeans. This shift threatens US exports and compels American farmers to reassess their strategies, focusing on market diversification and emphasizing quality and sustainability to remain competitive. Rising geopolitical tensions and newly imposed tariffs, such as those affecting key markets like the EU, Canada and China, have further complicated trade, impacting US farmers' access and pricing power in these vital markets. Through the end of 2025, soybean prices are initially projected to decline due to increased production and growing global supplies. However, as climate change impacts crop yields through extreme weather and pest challenges and supplies become limited prices will be pushed upward alongside rising global demand. Subsidies will continue to play a vital role in supporting farmer incomes amids these fluctuations, providing some stability to an otherwise highly volatile industry. However, the industry faces significant uncertainty due to the ongoing USDA funding freeze is creating significant uncertainty, particularly where government support and subsidies are concerned. This freeze is affecting a wide range of agricultural programs including conservation efforts, market development, research and technical assistance. Over the next five years, the industry is expected to grow at a CAGR of 1.3%, with revenues reaching $47.1 billion by the end of 2030.

Agricultural Prices: Average Weekly Prices: Wholesale: Refined Soy Oil: 20 Cans: Alagoas data was reported at 4.250 BRL in 28 Apr 2017. This stayed constant from the previous number of 4.250 BRL for 21 Apr 2017. Agricultural Prices: Average Weekly Prices: Wholesale: Refined Soy Oil: 20 Cans: Alagoas data is updated daily, averaging 4.400 BRL from Dec 2015 (Median) to 28 Apr 2017, with 27 observations. The data reached an all-time high of 61.800 BRL in 11 Dec 2015 and a record low of 3.540 BRL in 16 Dec 2016. Agricultural Prices: Average Weekly Prices: Wholesale: Refined Soy Oil: 20 Cans: Alagoas data remains active status in CEIC and is reported by National Supply Company. The data is categorized under Brazil Premium Database’s Prices – Table BR.PA083: Agricultural Prices: CONAB: Average Weekly Prices: Wholesale: Soybean Oil.

Agricultural Prices: Average Weekly Prices: Wholesale: Refined Soy Oil: 20 Cans: Distrito Federal data was reported at 78.000 BRL in 28 Apr 2017. This records a decrease from the previous number of 78.500 BRL for 21 Apr 2017. Agricultural Prices: Average Weekly Prices: Wholesale: Refined Soy Oil: 20 Cans: Distrito Federal data is updated daily, averaging 63.980 BRL from Dec 2015 (Median) to 28 Apr 2017, with 71 observations. The data reached an all-time high of 78.500 BRL in 21 Apr 2017 and a record low of 58.800 BRL in 11 Dec 2015. Agricultural Prices: Average Weekly Prices: Wholesale: Refined Soy Oil: 20 Cans: Distrito Federal data remains active status in CEIC and is reported by National Supply Company. The data is categorized under Brazil Premium Database’s Prices – Table BR.PA083: Agricultural Prices: CONAB: Average Weekly Prices: Wholesale: Soybean Oil.

Graph and download economic data for Producer Price Index by Commodity: Farm Products: Soybeans (WPU01830131) from Jan 1947 to May 2025 about beans, agriculture, commodities, PPI, inflation, price index, indexes, price, and USA.

Revenue for soybean farmers has grown because of growth in soybean prices and exports. Exports account for the majority of revenue, so fluctuations in international demand have an outsized impact on revenue. Exports were artificially low in 2019, as they fell to a decade low, providing a small base on which revenue could more easily grow. Trade tensions between Canada and China have prevented further growth in exports. The Canadian government has criticized several social policies enforced by the Chinese administration. Canada has also supported its ally, the United States, in trade disputes with China. Chinese imports of Canadian goods fell sharply in 2019, but have gradually rebounded and are now at 70.0% of 2018 levels. Revenue for soybean farmers has grown at a CAGR of 6.4% to $4.7 billion through the end of 2024, despite a slump of 0.9% in 2024 alone as soybean prices are on the downswing following the COVID-19 pandemic. Global demand for Canadian soybeans has been high in recent years. A relatively weak Canadian dollar has made domestic products more affordable for foreign buyers, stimulating export growth. Farmers are increasingly using genetically modified seeds (GMO) to improve yields. Output per farm has continued to grow in recent years with the use of GMO seeds. Growing soybean prices have led to expanding profit for farmers. Moving forward, growing export markets and increasing farm yields will prompt revenue growth, albeit at a slower rate than in recent years as prices are forecast to remain more steady. In particular, demand from China will climb as the economy opens up following the country's zero-COVID policy. Revenue is forecast to increase at a CAGR of 1.7% to $5.1 billion through the end of 2029.

United States - Producer Price Index by Commodity: Chemicals and Allied Products: Soybean Oil, All Other Types was 112.91400 Index Dec 2007=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Chemicals and Allied Products: Soybean Oil, All Other Types reached a record high of 207.04400 in June of 2022 and a record low of 65.00000 in November of 2015. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Chemicals and Allied Products: Soybean Oil, All Other Types - last updated from the United States Federal Reserve on July of 2025.

Agricultural Prices: Average Weekly Prices: Wholesale: Refined Soy Oil: 20 Cans: Pará data was reported at 75.150 BRL in 28 Apr 2017. This records an increase from the previous number of 75.000 BRL for 21 Apr 2017. Agricultural Prices: Average Weekly Prices: Wholesale: Refined Soy Oil: 20 Cans: Pará data is updated daily, averaging 75.575 BRL from Nov 2015 (Median) to 28 Apr 2017, with 72 observations. The data reached an all-time high of 85.400 BRL in 17 Mar 2017 and a record low of 65.000 BRL in 27 Nov 2015. Agricultural Prices: Average Weekly Prices: Wholesale: Refined Soy Oil: 20 Cans: Pará data remains active status in CEIC and is reported by National Supply Company. The data is categorized under Brazil Premium Database’s Prices – Table BR.PA083: Agricultural Prices: CONAB: Average Weekly Prices: Wholesale: Soybean Oil.

The Corn, Wheat and Soybean Wholesaling industry has maneuvered through a challenging environment shaped by the COVID-19 pandemic and geopolitical tensions. The industry faced disruptions early on as supply chains and distribution networks were impacted. Yet, demand for essential grains like corn, wheat and soybeans stayed stable, cushioning revenue levels despite the upheaval. Demand surged as the sector began recovering from the pandemic, exerting pressure on supplies and driving price inflation for key grains like corn. The conflict in Ukraine added another layer of complexity, sharply constraining wheat supplies and complicating operational dynamics. Even so, governmental interventions, particularly through subsidies for biofuels using corn and soybean oils, provided a revenue boost, partially mitigating wider economic challenges. Overall, industry revenue is projected to climb at an annualized rate of 1.0% to $217.8 billion over the five years to 2024, although a 12.9% dip is expected in 2024. Evolving consumer preferences, most notably the shift towards low-carbohydrate diets, have led to a decreased demand for wheat, altering its market position and reducing profit for wholesalers. However, wholesalers have seen a boon from the rising demand for plant-based foods, which has spurred an increased need for soybeans. Navigating these shifts while concurrently managing rising costs and changing consumer behaviors has become crucial for wholesalers aiming to succeed in the competitive market. Despite the anticipated challenges that the industry faced, its adaptability and resilience were evident. These qualities will endure, allowing it to navigate through market complexities effectively. Moving forward, the Corn, Wheat and Soybean Wholesaling industry is projected to see a modest annualized revenue increase of 0.2% over the next five years, reaching $212.5 billion by 2029.

The global soybean oil market revenue amounted to $X in 2017, going up by X% against the previous year. Overall, the total market indicated a remarkable growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the soybean oil consumption increased by +X% against 2015 indices.

Agricultural Prices: Average Weekly Prices: Wholesale: Refined Soy Oil: 20 Cans: Acre data was reported at 83.000 BRL in 28 Apr 2017. This stayed constant from the previous number of 83.000 BRL for 21 Apr 2017. Agricultural Prices: Average Weekly Prices: Wholesale: Refined Soy Oil: 20 Cans: Acre data is updated daily, averaging 72.000 BRL from Nov 2015 (Median) to 28 Apr 2017, with 77 observations. The data reached an all-time high of 83.000 BRL in 28 Apr 2017 and a record low of 59.000 BRL in 20 Nov 2015. Agricultural Prices: Average Weekly Prices: Wholesale: Refined Soy Oil: 20 Cans: Acre data remains active status in CEIC and is reported by National Supply Company. The data is categorized under Brazil Premium Database’s Prices – Table BR.PA083: Agricultural Prices: CONAB: Average Weekly Prices: Wholesale: Soybean Oil.

This statistic shows the leading countries in soybean production worldwide from 2012/13 to 2024/25. From 2015/16 to 2018/2019, the United States was the leading global producer of soybeans with a production volume of ****** million metric tons in 2018/2019. As of 2019, Brazil overtook the United States as the leading soybean-producing country with a production volume of some *** million metric tons in 2023/24. Soybean production Soybeans are among the major agricultural crops sown in the United States, behind only corn. They belong to the oilseed crops category, and the majority of U.S. soybeans are planted in May and early June and are harvested in late September and October. Production practices show that U.S. farmers commonly cultivate soybeans in crop rotation with corn. More than ** percent of soybeans are grown in the upper Midwest. The United States reported Illinois, Iowa, and Minnesota as their leading soybean producing states in 2022. Historical data demonstrates that large-scale soybean production did not commence until the 20th century in the United States. However, the latest statistics illustrate that the acreage of the dominant oilseed crop has expanded rapidly. The certain increase of soybean acreage was supported by several factors, including low production costs and a greater number of 50-50 corn-soybean rotations. Furthermore, soybeans were one of the first crop types that accomplished commercial success as bioengineered crops. The first genetically modified (GM) soybeans were cultivated in the United States in 1996. They possess a gene that confers herbicide resistance.The usage of soybeans ranges from the animal food industry over human consumption to non-food products. The highest percentage of soybeans goes to the animal feed industry. The product portfolio intended for human consumption include products such as soy milk, soy flour or tofu.

The revenue of the soybean oil market in Thailand amounted to $X in 2017, going up by X% against the previous year. In general, the total market indicated a modest increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the soybean oil consumption increased by +X% against 2015 indices.

The Polish refined soybean oil market dropped remarkably to $9.9M in 2024, with a decrease of -28.9% against the previous year. In general, consumption saw a perceptible decrease. Refined soybean oil consumption peaked at $22M in 2014; however, from 2015 to 2024, consumption stood at a somewhat lower figure.

The revenue of the soybean oil market in Brazil amounted to $X in 2017, increasing by X% against the previous year. In general, the total market indicated a prominent increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the soybean oil consumption increased by +X% against 2015 indices.

Corn rose to 400.28 USd/BU on July 16, 2025, up 0.07% from the previous day. Over the past month, Corn's price has fallen 7.93%, and is down 2.07% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Corn - values, historical data, forecasts and news - updated on July of 2025.

United States - Export Price Index (End Use): Oilseeds other than soybeans, and food oils (DISCONTINUED) was 100.00000 Index Dec 2011=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Export Price Index (End Use): Oilseeds other than soybeans, and food oils (DISCONTINUED) reached a record high of 110.00000 in April of 2012 and a record low of 64.50000 in October of 2015. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Export Price Index (End Use): Oilseeds other than soybeans, and food oils (DISCONTINUED) - last updated from the United States Federal Reserve on June of 2025.

Agricultural Prices: Average Weekly Prices: Wholesale: Refined Soy Oil: 20 Cans: Rio Grande do Sul data was reported at 70.440 BRL in 28 Apr 2017. This stayed constant from the previous number of 70.440 BRL for 21 Apr 2017. Agricultural Prices: Average Weekly Prices: Wholesale: Refined Soy Oil: 20 Cans: Rio Grande do Sul data is updated daily, averaging 68.470 BRL from Oct 2015 (Median) to 28 Apr 2017, with 80 observations. The data reached an all-time high of 79.720 BRL in 17 Feb 2017 and a record low of 57.430 BRL in 06 Nov 2015. Agricultural Prices: Average Weekly Prices: Wholesale: Refined Soy Oil: 20 Cans: Rio Grande do Sul data remains active status in CEIC and is reported by National Supply Company. The data is categorized under Brazil Premium Database’s Prices – Table BR.PA083: Agricultural Prices: CONAB: Average Weekly Prices: Wholesale: Soybean Oil.