Soybeans fell to 1,000.16 USd/Bu on July 14, 2025, down 0.41% from the previous day. Over the past month, Soybeans's price has fallen 6.51%, and is down 6.98% 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 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.

Soybeans prices in , June, 2025 For that commodity indicator, we provide data from January 1960 to June 2025. The average value during that period was 291.02 USD per metric ton with a minimum of 88 USD per metric ton in October 1960 and a maximum of 737.06 USD per metric ton in June 2022. | TheGlobalEconomy.com

In 2023, the average selling price of soybeans per metric ton amounted to 5,230 yuan in China. This indicated a significant decrease from 5,950 yuan per metric ton in 2022.

Explore the significant fluctuations in soybean prices over the past decade, driven by global economic factors, weather conditions, and international market demands. Discover how events like the 2012 US drought, US-China trade tensions, and the COVID-19 pandemic shaped the complex narrative of soybean pricing from the early 2010s to 2023.

This statistic depicts the average annual prices for soybean oil from 2014 through 2026*. In 2023, the average price for soybean oil stood at 1,119 nominal U.S. dollars per metric ton.

Explore the factors influencing American soybean prices in 2023, including weather conditions, international trade dynamics, renewable energy demand, and economic trends. Understand how these elements interplay to affect the global soybean market.

This data set contains Ontario soybean grain prices collected by University of Guelph, Ridgetown Campus. The dataset includes daily prices of agricultural commodities at individual elevators in Ontario. Daily highs and lows are given for each commodity, as well as, daily Bank of Canada exchange rates.This dataset includes data from January 1, 2023, to December 31, 2023.

NCDEX: Spot Price: Soybean Meal: Hipro: Indore: Second Session data was reported at 32,800.000 INR/Metric Ton in 16 May 2025. This records a decrease from the previous number of 33,100.000 INR/Metric Ton for 15 May 2025. NCDEX: Spot Price: Soybean Meal: Hipro: Indore: Second Session data is updated daily, averaging 43,725.000 INR/Metric Ton from Jan 2023 (Median) to 16 May 2025, with 574 observations. The data reached an all-time high of 51,000.000 INR/Metric Ton in 16 Nov 2023 and a record low of 28,600.000 INR/Metric Ton in 18 Mar 2025. NCDEX: Spot Price: Soybean Meal: Hipro: Indore: Second Session data remains active status in CEIC and is reported by National Commodity & Derivatives Exchange Limited. The data is categorized under India Premium Database’s Price – Table IN.PB001: Commodities Spot Price: National Commodity & Derivatives Exchange Limited.

China Settlement Price: Dalian Commodity Exchange: Soybean Meal: 2nd Month data was reported at 2,795.000 RMB/Ton in Apr 2025. This records a decrease from the previous number of 2,830.000 RMB/Ton for Mar 2025. China Settlement Price: Dalian Commodity Exchange: Soybean Meal: 2nd Month data is updated monthly, averaging 2,968.000 RMB/Ton from Jul 2000 (Median) to Apr 2025, with 298 observations. The data reached an all-time high of 4,924.000 RMB/Ton in Aug 2023 and a record low of 1,406.000 RMB/Ton in Dec 2001. China Settlement Price: Dalian Commodity Exchange: Soybean Meal: 2nd Month data remains active status in CEIC and is reported by Dalian Commodity Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Dalian Commodity Exchange: Commodity Futures: Settlement Price.

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Soybean Derivatives Market Size 2025-2029

The soybean derivatives market size is forecast to increase by USD 134.5 billion, at a CAGR of 7.2% between 2024 and 2029.

The market is experiencing significant growth due to the rising demand from lactose-intolerant and vegan consumers for alternative sources of protein. These consumers are increasingly turning to soybean derivatives, such as soy protein isolates and textured vegetable protein, as substitutes for dairy and meat products. Additionally, the animal feed industry is a major consumer of soybean derivatives, with soybean meal being a primary source of protein for livestock. However, the market faces challenges from the presence of soybean substitutes, such as pea and sunflower protein, which offer similar nutritional benefits. These substitutes are gaining popularity due to their lower environmental impact and potential for higher yields. Soybean derivatives, such as soy milk and tofu, are popular alternatives to dairy products and meat, respectively
Furthermore, the volatility of soybean prices and trade policies, such as tariffs and quotas, can significantly impact the market's dynamics. Companies in the market must navigate these challenges by focusing on product innovation, sustainability, and supply chain efficiency to remain competitive. Additionally, the use of soybeans in animal feed is another growth factor. For instance, developing new applications for soybean derivatives in the food and beverage industry, improving production processes to reduce waste and increase yields, and exploring new markets and partnerships can help companies capitalize on market opportunities and mitigate risks.

What will be the Size of the Soybean Derivatives Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market encompasses a wide range of applications and products, from soybean yield optimization and hull applications to soy meal composition and protein concentrates. Soybean cultivation practices continue to evolve, with a focus on disease management and sustainability practices. In the realm of product development, soybean ingredient innovation is driving the creation of new grades of soy lecithin and protein isolates. In the food industry, soy derivatives are used as functional ingredients in various applications, including baked goods, beverages, and processed food.
Soybean pest resistance and environmental footprint are also critical factors influencing market dynamics. As the demand for sustainable and high-performing soybean derivatives continues to grow, so too will the innovation and collaboration within the industry. Industry collaborations and regulatory compliance are shaping the soybean industry landscape, with a growing emphasis on traceability systems and GMO labeling. Additionally, the market is expanding in sectors such as biodiesel due to the renewable nature of soy oil and its potential to reduce greenhouse gas emissions.

How is this Soybean Derivatives Industry segmented?

The soybean derivatives industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Soy oil
  Soy milk
  Soy protein
  Others


Distribution Channel

  Offline
  Online


Application

  Food and beverage
  Animal feed
  Others


Geography

  North America

    US
    Canada
    Mexico


  APAC

    China
    India
    Indonesia
    Japan


  South America

    Argentina
    Brazil
    Colombia


  Rest of World (ROW)

By Type Insights

The soy oil segment is estimated to witness significant growth during the forecast period. Soybean oil, derived from soybean processing, is a popular choice for health-conscious consumers due to its nutritional benefits. Rich in unsaturated fats, essential fatty acids, and vitamin E, soybean oil is a preferred cooking oil for various applications, including frying, sautéing, baking, and salad dressings. The environmental sustainability of soybean cultivation and the versatility of soybean derivatives have contributed to their increasing use in various industries. Soybean-based ingredients, such as soybean flakes, grits, and meal, have gained popularity in the animal feed industry due to their high nutritional value and protein content. Soybean meal is a valuable byproduct of soybean oil refining and is a primary source of protein for livestock. It is used as an emulsifier and stabilizer in various industries, including food, pharmaceuticals, and cosmetics.

Soybean sustainability is a critical concern for consumers and manufacturers alike, leading to an increased focus on sustainable sourcing and production practice

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.

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.

In 2023, supplies from abroad of soya beans was finally on the rise to reach 3.3M tons for the first time since 2020, thus ending a two-year declining trend.

According to Cognitive Market Research, the global GMO Soybean market size will be USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 15.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.7% from 2024 to 2031.
The feed segment is the dominant application in the GMO soybean market. Soybeans are a primary source of protein in animal feed, especially for livestock and poultry. With the increasing global demand for meat and dairy products, the need for high-quality animal feed has surged

Market Dynamics of GMO Soybean Market

Key Drivers for GMO Soybean Market

Rising Demand for Sustainable Agriculture to Boost Market Growth

One of the key drivers of the GMO Soybean Market is the growing demand for sustainable agricultural practices. As the global population continues to rise, the need for more efficient food production becomes increasingly critical. GMO soybeans offer higher yields, resistance to pests, and tolerance to environmental stressors like drought, making them a viable solution for feeding a larger population with fewer resources. These advantages help meet the food demands while minimizing the use of pesticides and reducing the overall environmental impact, driving the widespread adoption of GMO soybean cultivation. For instance, in November 2023, Cargill’s integrated soybean crush and refined oils facility in Sidney, Ohio wrapped up the expansion and modernization project, which came online in September. This improved facility is intended to serve farmers better and fulfill the growing soy product demands across feed, food, and renewable fuel markets

Advancements in Biotechnology and Genetic Engineering to Drive Market Growth

Another important driver is the continuous advancements in biotechnology and genetic engineering. These technologies allow for the creation of genetically modified soybean varieties with enhanced characteristics, such as improved nutritional content and better disease resistance. Innovations like CRISPR gene editing are also opening new possibilities for precise modifications, making GMO soybeans more appealing to farmers and producers. With these scientific breakthroughs, the GMO soybean market is expected to expand as they offer solutions to current agricultural challenges and meet consumer preferences for more resilient and nutritious crops.

Restraint Factor for the GMO Soybean Market

Environmental and Health Concerns, will Limit Market Growth

A significant restraint for the GMO Soybean Market is the growing concern regarding the potential long-term environmental and health effects of genetically modified organisms. Critics argue that the widespread use of GMOs could lead to unintended consequences, such as the development of resistant pests or loss of biodiversity. Additionally, there are concerns about the potential for cross-contamination between GMO and non-GMO crops, which may affect organic farming practices and consumer safety. These concerns contribute to public hesitation and resistance toward the widespread adoption of GMO soybeans.

Impact of Covid-19 on the GMO Soybean Market

The COVID-19 pandemic has had a mixed impact on the GMO Soybean Market. On one hand, disruptions in global supply chains and labor shortages affected the production and distribution of agricultural inputs, including seeds for GMO soybeans. This led to delays in planting and harvesting in certain regions. On the other hand, the pandemic highlighted the importance of food security, driving governments and organizations to focus on enhancing agricu...

Non-GMO Soybean Market Outlook

As of 2023, the global non-GMO soybean market size is estimated to be valued at approximately $19.5 billion, with projections indicating a significant growth to reach around $33.4 billion by 2032. This expansion reflects a compound annual growth rate (CAGR) of 6.2% over the forecast period. The market's growth is primarily driven by increasing consumer awareness and preference for non-GMO products, reflecting a shift towards healthier and more sustainable agricultural practices. Non-GMO soybeans, which are not genetically modified to resist pesticides or herbicides, are increasingly favored for their perceived health benefits and reduced environmental impact.

One of the primary growth factors for the non-GMO soybean market is the rising consumer demand for organic and natural food products. As consumers become more health-conscious, there is a growing inclination towards products that are perceived to be free from genetic modifications. This trend is bolstered by heightened public awareness regarding the potential health risks associated with GMO consumption, including allergies and antibiotic resistance. Furthermore, the organic food industry has been witnessing robust growth, contributing significantly to the demand for non-GMO soybeans, which are a key ingredient in many organic products.

The regulatory landscape also plays a crucial role in the market's expansion. Many countries have stringent labeling requirements and policies favoring non-GMO agricultural practices, which in turn stimulate demand. For instance, the European Union has some of the strictest regulations concerning GMO labeling, which has led to increased imports of non-GMO soybeans. Additionally, certifications such as Non-GMO Project Verified are becoming more prevalent, providing consumers with assurance and driving market growth. Moreover, these regulations are not only limited to food but also extend to animal feed, ensuring that livestock is fed non-GMO products, which further supports market expansion.

Environmental concerns and sustainable farming practices are also key factors influencing the non-GMO soybean market. The cultivation of non-GMO soybeans is often associated with lower chemical input, which aligns with environmentally sustainable agriculture practices. This shift is driven by both consumer demand and environmental policies aimed at reducing the ecological footprint of farming activities. Non-GMO soybeans contribute to biodiversity preservation and reduced dependency on chemical herbicides and pesticides, making them a preferred choice for environmentally conscious consumers and producers alike.

Regionally, the market's growth is bolstered by significant demand from North America and Europe, driven by heightened consumer awareness and regulatory support for non-GMO products. In Asia Pacific, particularly in countries like China and India, the demand for non-GMO soybeans is steadily increasing due to growing health consciousness and expanding vegetarian and vegan populations. Latin America and the Middle East & Africa are also witnessing a gradual rise in demand, although the growth rate is comparatively slower than in developed regions. The favorable climatic conditions in Latin America, particularly in Brazil and Argentina, facilitate the large-scale production of non-GMO soybeans, thereby supporting regional supply.

Product Type Analysis

In the non-GMO soybean market, product type segmentation plays a pivotal role in shaping the dynamics and understanding the demand patterns. The primary product types include food-grade soybeans, feed-grade soybeans, and others, each fulfilling distinct roles across various industries. Food-grade soybeans are primarily used in the production of soy-based food products such as tofu, soy milk, and edamame, which are staples in many vegetarian and vegan diets. The rising trend of plant-based diets is significantly propelling the demand for food-grade soybeans, as consumers seek out these alternatives for dietary and ethical reasons.

Feed-grade soybeans, on the other hand, are crucial in the animal husbandry sector. They are predominantly used in livestock feed due to their high protein content, which is essential for animal growth and health. As the global demand for meat and dairy products continues to rise, so does the need for quality livestock feed. This drives the feed-grade soybean market, as more farmers and livestock producers opt for non-GMO feed to meet consumer preferences for non-GMO animal products. The assurance of non-GMO feed plays an important role in the marketing of meat and

High Oleic Soybean Market Outlook

The global high oleic soybean market size was valued at approximately USD 1.2 billion in 2023 and is projected to reach around USD 2.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 9.7%. The substantial growth of this market can be attributed to the increasing demand for healthier cooking oils and the growing awareness of the benefits associated with high oleic soybean oil. Additionally, advancements in agricultural biotechnology and the rising trend of organic farming are further driving the market expansion.

One of the primary growth factors for the high oleic soybean market is the rising consumer preference for health-promoting food products. High oleic soybean oil, known for its high monounsaturated fat content and low saturated fat levels, offers various health benefits, including reduced risk of heart disease and improved cholesterol levels. This increasing consumer inclination towards healthier cooking oils is propelling the demand for high oleic soybeans, particularly in the food industry. Moreover, the food manufacturing sector's continuous efforts to develop and market functional foods are further contributing to market growth.

Another significant growth driver for this market is the burgeoning application of high oleic soybean oil in the animal feed industry. The incorporation of high oleic soybean oil in animal feed formulations helps in improving the energy content and nutritional value, leading to better animal health and productivity. As the livestock industry continues to expand globally, the demand for high-quality animal feed is rising, which in turn is fueling the growth of the high oleic soybean market. Furthermore, the shifting focus towards sustainable and environment-friendly agricultural practices is expected to bolster the adoption of high oleic soybeans in the animal feed sector.

Technological advancements in agricultural biotechnology have played a crucial role in the development and commercialization of high oleic soybean varieties. Enhanced genetic modification techniques have enabled the production of soybeans with higher oleic acid content, improved yield, and resistance to pests and diseases. These advancements not only ensure a steady supply of high oleic soybeans but also contribute to increased profit margins for farmers. Additionally, the increasing investments in research and development activities aimed at improving high oleic soybean traits are expected to create lucrative opportunities for market growth.

The role of Soybean Seed in the cultivation of high oleic soybeans cannot be overstated. These seeds are specifically bred to produce soybeans with a higher oleic acid content, which is essential for the production of high oleic soybean oil. The quality of the soybean seed directly impacts the yield and quality of the crop, making it a critical factor in the success of high oleic soybean farming. Farmers are increasingly opting for high-quality soybean seeds that promise better resistance to pests and diseases, as well as improved adaptability to various climatic conditions. This focus on superior soybean seed varieties is driving advancements in agricultural biotechnology, as researchers work to develop seeds that can meet the growing demand for high oleic soybeans globally.

Regionally, North America holds a dominant position in the high oleic soybean market, driven by the presence of a well-established agricultural sector and the growing demand for healthier food products. The United States, being one of the largest producers and consumers of soybeans, significantly contributes to the regional market growth. Europe also represents a significant market share due to the rising awareness of the health benefits of high oleic soybean oil and the increasing focus on sustainable farming practices. Additionally, the Asia Pacific region is anticipated to witness substantial growth during the forecast period, attributed to the expanding food processing industry and the rising adoption of high oleic soybean oil in various applications.

Product Type Analysis

The high oleic soybean market is segmented based on product type into conventional high oleic soybean and organic high oleic soybean. Conventional high oleic soybeans are those that are cultivated using traditional farming methods, often involving the use of synthetic fertil

Get the latest insights on price movement and trend analysis of Soybean Meal in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

NCDEX: Spot Price: Soybean: Kota: Second Session data was reported at 4,523.000 INR/Quintal in 16 May 2025. This records a decrease from the previous number of 4,646.000 INR/Quintal for 15 May 2025. NCDEX: Spot Price: Soybean: Kota: Second Session data is updated daily, averaging 4,822.750 INR/Quintal from Jan 2023 (Median) to 16 May 2025, with 547 observations. The data reached an all-time high of 6,009.500 INR/Quintal in 03 Jan 2023 and a record low of 4,040.000 INR/Quintal in 11 Mar 2025. NCDEX: Spot Price: Soybean: Kota: Second Session data remains active status in CEIC and is reported by National Commodity & Derivatives Exchange Limited. The data is categorized under India Premium Database’s Price – Table IN.PB001: Commodities Spot Price: National Commodity & Derivatives Exchange Limited.

Soybean Market Outlook

As of 2023, the global soybean market size is valued at approximately USD 155 billion, with projections indicating a climb to nearly USD 240 billion by 2032, driven by a compound annual growth rate (CAGR) of 5.1%. The market's expansion is primarily fueled by the escalating demand for sustainable and plant-based protein sources, amidst rising health consciousness and dietary shifts towards vegetarian and vegan lifestyles. Soybeans, being a versatile crop, find applications across various sectors, from food and beverages to pharmaceuticals and biofuels, thereby contributing significantly to market growth.

The growth of the soybean market is significantly propelled by the increasing demand for plant-based food products. As consumers become more health conscious and aware of the sustainability issues associated with animal agriculture, there has been a marked rise in the consumption of soy-based food and beverage products such as tofu, soy milk, and soy-based meat alternatives. This shift in consumer preferences is further supported by the growing trend of vegetarianism and veganism, which has gained traction not only in developed economies but also in emerging markets. Furthermore, the nutritional benefits offered by soybeans, such as high protein content and essential amino acids, make them a popular choice among health enthusiasts, thereby augmenting market growth.

Another key growth driver in the soybean market is the biofuel industry. With increasing emphasis on reducing carbon emissions and promoting renewable energy sources, soybeans have emerged as a critical feedstock for biodiesel production. Governments and environmental agencies across the globe are encouraging the use of biofuels to achieve energy security and reduce reliance on fossil fuels. This shift towards green energy solutions is driving the demand for soybeans, further bolstered by supportive government policies and incentives for biodiesel production in many countries. The biofuel sector's growth directly translates into increased soybean cultivation and processing, thus impacting the market positively.

The pharmaceutical industry also plays a significant role in the expansion of the soybean market. Soybean derivatives, such as soybean oil and isoflavones, are increasingly being utilized in the formulation of various pharmaceuticals and nutraceuticals due to their health benefits, including cholesterol reduction and the potential to alleviate menopausal symptoms. The rising prevalence of chronic diseases and the growing focus on natural and plant-based medicinal products are further encouraging pharmaceutical companies to incorporate soybean-derived ingredients, thereby contributing to the market's overall growth trajectory.

Regionally, Asia Pacific leads the soybean market in terms of production and consumption, owing to substantial production in countries like China and India. Furthermore, the region's vast and rapidly growing population, coupled with rising disposable incomes and changing dietary patterns, bolsters soybean demand. North America and Latin America follow closely, driven by technological advancements in agricultural practices and expansive soybean cultivation in the United States and Brazil. Meanwhile, Europe and the Middle East & Africa are witnessing moderate growth, primarily due to increasing awareness and adoption of plant-based diets and biofuels. These regions are also benefiting from investments in sustainable agriculture and food production technologies.

Product Type Analysis

In the soybean market, product types are segmented into conventional soybeans and organic soybeans. Conventional soybeans dominate the market due to their wide availability and lower production costs. These soybeans are predominantly used in animal feed, food and beverages, and biofuel industries. The high yield and efficient production methods associated with conventional soybeans make them a cost-effective choice for large-scale operations. However, the reliance on genetically modified organisms (GMOs) and chemical fertilizers in conventional farming has raised concerns about environmental sustainability and health effects, prompting a gradual shift towards organic alternatives.

Organic soybeans are gaining traction as consumers become more health-conscious and environmentally aware. The demand for organic produce is rising, driven by the perception that organic farming practices are more sustainable and result in healthier products. The organic soybean market is supported by a growing number of consumers willing to pay a premium for non-GMO, pestici