SoybeansS_1
Price
24h Change
1Y High
1Y Low
Soybeans Price Chart
About Soybeans (S_1)
Soybean futures (S_1) track the CBOT benchmark for soybeans, one of the world's most important oilseed crops. Priced per bushel, soybeans are crushed into soybean meal (animal feed) and soybean oil (cooking, biodiesel). The US and Brazil are the largest producers.
Soybeans Price Drivers
Soybeans prices are influenced by global supply and demand dynamics, geopolitical events, weather patterns, currency fluctuations, and economic indicators. Futures contracts traded on exchanges like COMEX, NYMEX, and ICE provide price discovery, while physical market conditions and inventory levels drive spot pricing.
Frequently Asked Questions
- What are soybeans used for?
- Soybeans are crushed into two main products: soybean meal (about 80% of the crush), which is the dominant global protein source for livestock feed, and soybean oil (about 20%), used for cooking, food processing, and increasingly for biodiesel production. China imports over 60% of globally traded soybeans.
- What drives soybean prices?
- Soybean prices are influenced by Chinese import demand (the single largest factor), Brazilian harvest size, US planting and growing conditions, crush margins, biodiesel mandates, and the US-China trade relationship. Soybeans also compete with corn for planted acreage.
- Why is China so important for soybean markets?
- China imports over 100 million metric tonnes of soybeans annually (about 60% of global trade) to feed its massive livestock sector. Shifts in Chinese buying patterns, trade policies, or African Swine Fever outbreaks can dramatically move global soybean prices.