Soybean Prices

29-01-2026 - Over the past month, the price of Soybean (CME) has experienced an upward trend, increasing from 1049.5 ¢/bsh to 1075.0 ¢/bsh. This rise suggests a strengthening market, potentially driven by increased demand or supply constraints. The forecast predicts a slight increase to 1078.75 ¢/bsh, a modest gain of 3.75 ¢/bsh or 0.3% from the current price, indicating a generally stable trend with minimal pricing risk.

However, the forecast also highlights potential downward pressure on prices due to supply factors, with a projected impact of -7.0 ¢/bsh. Key influences include inventory levels and weather conditions. While technical data suggests upward pressure, the overall demand, flow, and supply data indicate a potential decline.

Recent analyses present a bearish outlook for the soybean market, anticipating price drops in the coming month. Factors contributing to this outlook include record U.S. production, weak demand from China, and global oversupply. For instance, July 2025 futures have fallen to $9.69 per bushel, marking 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 led to a significant reduction in 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.