Chicago soybeans futures surged past $13.5 per bushel in the last trading week of January amid continued robust demand from China. Still, improving crop weather in South America eased worries about tightening international supplies.
Historically, Soybeans reached an all time high of 1794.75 in September of 2012. Soybeans - data, forecasts, historical chart - was last updated on February of 2021.
Soybeans is expected to trade at 1342.45 USd/BU by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1241.16 in 12 months time.