Soybean Prices

05-02-2026 - Over the past month, soybean prices have risen from 1047.25 ¢/bsh to 1092.25 ¢/bsh, indicating a strengthening market possibly due to supply constraints or increased demand. The forecast predicts a slight increase to 1107.0 ¢/bsh, a 1.4% rise from the current price, suggesting a relatively stable market with minimal risk, as the change is only 14.75 ¢/bsh.

The current forecast presents mixed signals. Technical indicators, with a 5.0 ¢/bsh impact, suggest upward pressure on prices due to Futures Curve and Trend Following. However, data on Flows and Supply indicate downward pressure, resulting in an uncertain overall price direction.

Recent analyses, however, offer a bearish outlook for the soybean market, predicting price declines in the coming month. Contributing factors include record U.S. production, weak demand from China, and global oversupply. For example, July 2025 futures have dropped to $9.69 per bushel, a 5.43% decrease from the previous month and a 5.18% decline from the same period in 2024. Additionally, trade tensions between the U.S. and China have significantly reduced U.S. soybean exports to China, with Brazil now supplying 71% of China's imports compared to the U.S.'s 21%. This analysis contrasts with the forecast's suggestion of a potential upward trend in soybean prices.