The price of US soybeans per bushel is subject to various factors and fluctuations in the commodities market. Understanding these factors and trends is crucial for farmers, traders, and consumers. Learn more about the historical volatility, recent fluctuations, and international influences on soybean prices.

Soybeans fell to 962.50 USd/Bu on July 31, 2025, down 0.54% from the previous day. Over the past month, Soybeans's price has fallen 6.07%, and is down 5.83% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Soybeans - values, historical data, forecasts and news - updated on July of 2025.

This statistic shows the amount of soybeans exported from the U.S. between 2011/12 and 2023/24. For 2023/24, an export of just under two million bushels is forecast. This would constitute a slight decrease from the 1.99 million bushels exported in 2022/23.

In 2024, an estimated 4.36 billion bushels of soybeans (or soya beans) were produced in the United States, a significant increase compared to the previous year. Soya beans in the U.S. Alongside the production volume of soybeans, the production value increased in the United States in 2020: the production value of soybeans stood at about 36.8 billion U.S. dollars in 2018 and increased to roughly 57.5 billion U.S. dollars three years later. The states that produced the highest volume of soybeans in 2022 were Illinois, Iowa, and Minnesota, respectively. Leading soybean producers worldwide Since the marketing year of 2012/2013, the United States and Brazil have been the leading producers of soybeans worldwide. Producing about 139 million metric tons of it, Brazil was clearly in the lead in 2021/2022. Other noteworthy countries in terms of soybean production included Argentina, China, and India.

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.

This statistic shows the ten U.S. states in soybean production from 2019 to 2024. Illinois topped the list in 2024, with almost *** million bushels produced that year. Soybean industry Soybeans are among the major agricultural crops planted in the United States, behind only corn. They belong to the oilseed crops category and most 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 grow soybeans in crop rotation with corn. More than 80 percent of soybeans are cultivated in the upper Midwest. The Unites States counted Illinois, Iowa, and Minnesota as their leading soybean producing states as of 2022. Historical data shows that large-scale soybean production did not begin until the 20th century in the United States. However, recent statistics illustrate that the acreage of the dominant oilseed crop has expanded rapidly. The expansion of soybean acreage was favored 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 achieved commercial success as bioengineered crops. The first genetically modified (GM) soybeans were planted 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 products intended for human consumption include products such as soy milk, soy flour or tofu.

United States Long Term Projections: Soybean Oil: Crushing Yields data was reported at 11.838 lb/Bushel in 2034. This records an increase from the previous number of 11.830 lb/Bushel for 2033. United States Long Term Projections: Soybean Oil: Crushing Yields data is updated yearly, averaging 11.798 lb/Bushel from Dec 2022 (Median) to 2034, with 13 observations. The data reached an all-time high of 11.838 lb/Bushel in 2034 and a record low of 11.758 lb/Bushel in 2024. United States Long Term Projections: Soybean Oil: Crushing Yields data remains active status in CEIC and is reported by U.S. Department of Agriculture. The data is categorized under Global Database’s United States – Table US.RI010: Agricultural Projections: Soybeans and Products.

Soybean is among the major oilseed and protein meal products. In the 2023/2024 period, around ***** million metric tons of soybeans were imported globally. ***** was by far the leading importer of soybeans, with an annual import volume of approximately *** million metric tons in that year. Global overview Soybeans are grown as a food crop in Eastern Asia and are produced in Western agriculture as a source of both oil and protein. Although the United States and Brazil are the main producers of soybeans, China leads the soybean oil production worldwide.. Soybean market in the US Annual soybean production in the United States has increased to over *** billion bushels in the past few years. Illinois topped the list of major soybean producing U.S. states in 2022, with over *** million bushels produced that year.

Explore the fluctuating dynamics of soybean prices impacted by supply and demand, weather conditions, geopolitical tensions, and trade policies. Learn about key players in the global commodities market like the U.S., Brazil, and China, and how factors such as trade disputes and biofuel policies cause price volatility on exchanges like the Chicago Board of Trade.

United States Crop Production: Soybeans for Beans: Yield Per Acre data was reported at 49.100 Bushel in 2017. This records a decrease from the previous number of 52.000 Bushel for 2016. United States Crop Production: Soybeans for Beans: Yield Per Acre data is updated yearly, averaging 33.900 Bushel from Dec 1963 (Median) to 2017, with 55 observations. The data reached an all-time high of 52.000 Bushel in 2016 and a record low of 22.800 Bushel in 1964. United States Crop Production: Soybeans for Beans: Yield Per Acre data remains active status in CEIC and is reported by National Agricultural Statistics Service. The data is categorized under Global Database’s USA – Table US.B068: Agriculture Crop Production.

This statistic depicts the average annual prices for soybeans from 2014 through 2026*. In 2024, the average price for soybeans stood at 462 nominal U.S. dollars per metric ton.

Graph and download economic data for Global price of Soybeans (PSOYBUSDQ) from Q1 1990 to Q2 2025 about beans, World, and price.

United States Long Term Projections: Soybeans: Soybean Price, Farm data was reported at 10.450 USD/Bushel in 2034. This stayed constant from the previous number of 10.450 USD/Bushel for 2033. United States Long Term Projections: Soybeans: Soybean Price, Farm data is updated yearly, averaging 10.400 USD/Bushel from Dec 2022 (Median) to 2034, with 13 observations. The data reached an all-time high of 14.200 USD/Bushel in 2022 and a record low of 10.000 USD/Bushel in 2027. United States Long Term Projections: Soybeans: Soybean Price, Farm data remains active status in CEIC and is reported by U.S. Department of Agriculture. The data is categorized under Global Database’s United States – Table US.RI010: Agricultural Projections: Soybeans and Products.

Long Term Projections: Soybean Meal: Crushing Yields data was reported at 47.034 lb/Bushel in 2034. This records a decrease from the previous number of 47.040 lb/Bushel for 2033. Long Term Projections: Soybean Meal: Crushing Yields data is updated yearly, averaging 47.070 lb/Bushel from Dec 2022 (Median) to 2034, with 13 observations. The data reached an all-time high of 47.340 lb/Bushel in 2022 and a record low of 47.034 lb/Bushel in 2034. Long Term Projections: Soybean Meal: Crushing Yields data remains active status in CEIC and is reported by U.S. Department of Agriculture. The data is categorized under Global Database’s United States – Table US.RI010: Agricultural Projections: Soybeans and Products.

United States Long Term Projections: Soybean Oil & Soybean Meal: Crush Margin data was reported at 2.395 USD/Bushel in 2034. This records an increase from the previous number of 2.347 USD/Bushel for 2033. United States Long Term Projections: Soybean Oil & Soybean Meal: Crush Margin data is updated yearly, averaging 2.240 USD/Bushel from Dec 2022 (Median) to 2034, with 13 observations. The data reached an all-time high of 4.220 USD/Bushel in 2022 and a record low of 1.673 USD/Bushel in 2024. United States Long Term Projections: Soybean Oil & Soybean Meal: Crush Margin data remains active status in CEIC and is reported by U.S. Department of Agriculture. The data is categorized under Global Database’s United States – Table US.RI010: Agricultural Projections: Soybeans and Products.

United States Grain Stocks: Soybeans: All Positions data was reported at 438,105.000 Bushel th in Sep 2018. This records a decrease from the previous number of 1,221,501.000 Bushel th for Jun 2018. United States Grain Stocks: Soybeans: All Positions data is updated quarterly, averaging 990,699.000 Bushel th from Mar 1986 (Median) to Sep 2018, with 131 observations. The data reached an all-time high of 3,160,679.000 Bushel th in Dec 2017 and a record low of 91,991.000 Bushel th in Sep 2014. United States Grain Stocks: Soybeans: All Positions data remains active status in CEIC and is reported by National Agricultural Statistics Service. The data is categorized under Global Database’s United States – Table US.C029: Grain Stocks.

United States Long Term Projections: Soybeans: Yield (Bushels per Harvested Acre) data was reported at 57.000 Bushel/Acre in 2034. This records an increase from the previous number of 56.500 Bushel/Acre for 2033. United States Long Term Projections: Soybeans: Yield (Bushels per Harvested Acre) data is updated yearly, averaging 54.000 Bushel/Acre from Dec 2022 (Median) to 2034, with 13 observations. The data reached an all-time high of 57.000 Bushel/Acre in 2034 and a record low of 49.600 Bushel/Acre in 2022. United States Long Term Projections: Soybeans: Yield (Bushels per Harvested Acre) data remains active status in CEIC and is reported by U.S. Department of Agriculture. The data is categorized under Global Database’s United States – Table US.RI010: Agricultural Projections: Soybeans and Products.

Corn fell to 389.36 USd/BU on August 1, 2025, down 1.19% from the previous day. Over the past month, Corn's price has fallen 9.29%, and is down 3.45% 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 August of 2025.

United States Grain Stocks: Soybeans: On Farm data was reported at 101,000.000 Bushel th in Sep 2018. This records a decrease from the previous number of 377,000.000 Bushel th for Jun 2018. United States Grain Stocks: Soybeans: On Farm data is updated quarterly, averaging 413,370.000 Bushel th from Jun 1986 (Median) to Sep 2018, with 130 observations. The data reached an all-time high of 1,485,000.000 Bushel th in Dec 2017 and a record low of 21,325.000 Bushel th in Sep 2014. United States Grain Stocks: Soybeans: On Farm data remains active status in CEIC and is reported by National Agricultural Statistics Service. The data is categorized under Global Database’s USA – Table US.C029: Grain Stocks.

United States Long Term Projections: Soybeans: Total Supply data was reported at 5,249.639 Bushel mn in 2034. This records an increase from the previous number of 5,205.432 Bushel mn for 2033. United States Long Term Projections: Soybeans: Total Supply data is updated yearly, averaging 4,994.949 Bushel mn from Dec 2022 (Median) to 2034, with 13 observations. The data reached an all-time high of 5,249.639 Bushel mn in 2034 and a record low of 4,447.076 Bushel mn in 2023. United States Long Term Projections: Soybeans: Total Supply data remains active status in CEIC and is reported by U.S. Department of Agriculture. The data is categorized under Global Database’s United States – Table US.RI010: Agricultural Projections: Soybeans and Products.