Chicago soybeans futures fell to below $15 per bushel in September, the lowest in two weeks as prospects of a global economic slowdown more than offset hot weather conditions curbing US and European crop prospects. Meanwhile, China, the world’s biggest soybean buyer is stepping up imports from the US, Brazil and Argentina to take advantage of improved processing margins, and to rebuild stockpiles ahead of Chinese festivals that run from the autumn through to the Lunar New Year. Soybeans futures hit a 10-year high at above $17 per bushel in May driven by Russia’s invasion of Ukraine.
Historically, Soybeans reached an all time high of 1794.75 in September of 2012. Soybeans - data, forecasts, historical chart - was last updated on September of 2022.
Soybeans is expected to trade at 1553.27 USd/BU by the end of this quarter, according to 王者荣耀电竞(江西)积分排榜 global macro models and analysts expectations. Looking forward, we estimate it to trade at 1662.45 in 12 months time.