Soybeans ($SOY) Commodity Forecast: Up 0.9% Today

What is Soybeans?

Soybeans are a widely traded commodity used for various purposes including food production, animal feed, and biofuels. The market for soybeans is influenced by factors such as global demand, weather conditions, and government policies.

Why is Soybeans going up?

SOY commodity is up 0.9% on Jun 13, 2025 13:42

• Weak demand for soyoil and biodiesel fuel contributed to the decline in soybean futures prices.
• The USDA's unchanged forecast for US soybean supply, usage, and average price at $10.25 per bushel maintained market stability.
• Global adjustments, including increased beginning stocks and ending stocks primarily in China, added to the cautious sentiment in the soybean market.
• Despite steady domestic fundamentals, bearish sentiment in soy product markets and global factors kept soybean futures under pressure, leading to a decline in prices.

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Soybean Slides on Weak Demand, Steady USDA Outlook

Soybean futures fell toward $10.40 per bushel, hitting their lowest level since June 4, as weak demand for soyoil and biodiesel fuel weighed on the market. Despite the price decline, the USDA kept its 2025/26 US soybean supply, usage, and average price forecast unchanged at $10.25 per bushel. Bearish sentiment in soy product markets also pressured futures, with soybean meal and oil prices projected at $310 per short ton and 46 cents per pound, respectively. On the global front, beginning stocks were raised due to reduced soybean crush in China during the prior marketing year. Slight increases in crush forecasts for Pakistan, South Africa, and the UK led to a modest bump in projected global use. However, ending stocks were lifted to 125.3 million tons, primarily due to higher inventories in China. These global adjustments reinforced a cautious tone in the US soybean market, keeping futures under pressure despite steady domestic fundamentals.

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Soybeans Price History

08.10.2024 - SOY Commodity was up 2.5%

• The bullish movement in soybean prices today can be attributed to the rebound from a recent nine-week low, supported by strong U.S. demand and rising crude oil prices.
• The increase in soybean futures was also driven by higher U.S. soybean exports reported by the USDA, indicating healthy demand for the commodity.
• Despite the downward pressure from a stronger U.S. dollar and ample supply, the market sentiment turned positive due to the supportive factors of demand and export figures.
• The shift in planting patterns in Argentina and Brazil towards soybeans due to low corn prices and expected dry conditions also contributed to the bullish movement in soybean prices.

04.03.2025 - SOY Commodity was down 2.0%

• The bearish movement in Soybeans today is due to escalating trade tensions between the U.S. and its major trading partners, particularly China. This has raised fears of retaliatory tariffs on American agricultural products.
• The market was further influenced by higher-than-expected soybean stockpiles reported by the USDA, indicating ample domestic supplies and increased competition from South America.
• Uncertainty regarding U.S. import tariffs and their potential impact on soybean exports added to the downward pressure on prices.
• Traders monitored weather conditions in key growing regions and awaited new estimates on U.S. plantings, which were anticipated to indicate a reduction in soybean acreage, further impacting market sentiment.

13.05.2025 - SOY Commodity was up 0.9%

• Weak demand for soyoil and biodiesel fuel contributed to the decline in soybean futures prices.
• The USDA's unchanged forecast for US soybean supply, usage, and average price at $10.25 per bushel maintained market stability.
• Global adjustments, including increased beginning stocks and ending stocks primarily in China, added to the cautious sentiment in the soybean market.
• Despite steady domestic fundamentals, bearish sentiment in soy product markets and global factors kept soybean futures under pressure, leading to a decline in prices.

10.00.2025 - SOY Commodity was up 2.8%

• Soybean futures dropped below $10 per bushel as profit-taking occurred following forecasts of rain in drought-affected areas of Argentina.
• Concerns about the possible impact of proposed tariffs by President-elect Donald Trump on U.S. soybean prices are creating market uncertainty, potentially leading to prices below farmers' production costs.
• The combination of improved weather conditions in Argentina and trade policy worries is contributing to price volatility in the soybean market. Traders are closely watching these factors for future market trends.

12.07.2023 - SOY Commodity was down 7.2%

• The bearish movement in soybeans can be attributed to the following factors:
• 1. Rainy weather and good growing conditions: The rainy weather across the key U.S. crop belt and forecasts for favorable growing conditions in August have raised expectations of a strong soybean crop. This has led to increased supply expectations, putting downward pressure on soybean prices.
• 2. Strong supply from China: The news of private exporters reporting the sale of a significant amount of soybeans to China for delivery in the future marketing year indicates a strong supply from China. This suggests that the demand for soybeans may not be as robust as previously anticipated, further contributing to the bearish movement.
• 3. Previous concerns easing: The bearish movement in soybeans comes after the market reached an over 1-year high fueled by concerns over crop yields in the United States and improved Chinese demand prospects. With these concerns easing, investors may be taking profits and driving down prices.
• Overall, the bearish movement in soybeans can be attributed to favorable growing conditions, strong supply from China, and profit-taking after previous concerns eased.

31.02.2025 - SOY Commodity was down 0.5%

• Soybean futures surged to a 4-week high of $10.30 per bushel, driven by anticipation of reduced U.S. plantings and concerns over potential retaliatory tariffs in the escalating trade war.
• The announcement of reciprocal tariffs targeting all nations, along with reports of a more aggressive stance on tariffs, added to the uncertainty in the soybean market.
• Despite the recent gains, soybeans have faced a significant decline of 14.55% over the past year, reflecting the ongoing challenges and fluctuations in the market.

11.07.2023 - SOY Commodity was down 5.1%

• Soybean futures fell to a 5-week low due to rainy weather in the key U.S. crop belt and favorable growing conditions expected for August.
• The market was also affected by the news of a large sale of soybeans to China, indicating strong demand.
• The previous surge in soybean prices was driven by concerns over crop yields in the United States and improving Chinese demand prospects.
• Overall, the bearish movement in soybeans can be attributed to favorable weather conditions and increased supply expectations, along with the absence of immediate concerns over crop yields and demand.

10.06.2024 - SOY Commodity was down 2.9%

• Soybeans hit a 10-week low at 1142.00 USd/Bu, signaling a significant downward trend.
• Over the past 4 weeks, there has been a continuous decrease with a substantial 17.04% drop in the last 12 months, indicating a persistent bearish sentiment.
• Possible factors contributing to the downward pressure on soybean prices may include oversupply, trade tensions affecting export demand, and unfavorable weather conditions impacting crop yields.

14.07.2024 - SOY Commodity was down 6.3%

• The near 4-year low in soybean prices reflects a pronounced downward trajectory.
• Ongoing price declines indicate a potential imbalance between supply and demand.
• The market's bearish trend may be influenced by trade disputes, weather-related harvest issues, or changing consumer preferences impacting soy product demand.