Market Commodity Prices
| Commodity | Last | Volume |
|---|---|---|
| Corn Sep21 | 554-2 | 12,918 |
| Dec21 | 557-6 | 17,973 |
| Soybean | 1460.000 | 50 |
| Soybean Aug21 | 1460.000 | 50 |
How much do farmers sell soybeans for?
Average costs per acre for soybean ranged from $168 to $204 and average cost per bushel ranged from $3.30 to $4.19. Average returns per acre ranged from $62 to $194. Better efficiency (low cost per bushel) occurs with higher yields.
What is price of soybeans today?
Agriculture
| Name | Price | Unit |
|---|---|---|
| Rice | 13.45 | USD per cwt. |
| Soybean Meal | 357.90 | USD per Ton |
| Soybeans | 14.60 | USD per Bushel |
| Soybean Oil | 0.66 | USD per lb. |
How much is soybeans selling for per bushel?
The average U.S. price received for soybeans shot from $8.28 per bushel in May 2020 to $10.90 per bushel in January 2021, the last month for which official U.S. Department of Agriculture statistics are available.
Will soybean prices go up in 2020?
From the 2012 high, soybean prices declined, averaging below $9 per bushel in 2018 and 2019. Prices then increased to $11.25 per bushel projected for 2020 MYA. A further increase to $13.85 per bushel is projected for 2021, which would be $5.28 per bushel higher than the 2019 price, an increase of 61%.
Why is soybeans so expensive?
Soybeans are not expensive to buy, compared to the cost to produce. The cost is high due to the output per acre, and the inputs such as herbicides and insecticides that are used, as well as planting and harvesting costs. And what sets the price is the demand.
How profitable is soybean farming?
For soybeans, farmer returns averaged $150 per acre from 2006 to 2013, and $64 per acre from 2014 to 2018. Since 2013, soybeans have been more profitable than corn, albeit at much lower levels. From 2014 to 2018, farmer returns averaged -$30 per acre for corn and $64 per acre for soybeans.
What is the price of soybeans per ton?
Average prices for soybeans worldwide from 2014 to 2025 (in nominal U.S. dollars per mt)
| Characteristic | Price in nominal U.S. dollars per metric ton |
|---|---|
| 2020* | 390 |
| 2019 | 369 |
| 2018 | 394 |
| 2017 | 393 |
Why are soybeans so expensive?
Experts in the soybean market like Davis attribute high corn and soybean prices to poor weather conditions in South America and America’s Midwest and increased demand from China. “It’s basic supply and demand,” Davis said.
How much does a bushel of corn cost?
Currently, the average price of a bushel of corn is $3.75.
What is the price per bushel of soybeans?
The projected price established by RMA for 2019 soybean revenue is $9.54 per bushel. This is down $0.62 per bushel from the 2018 projected price of $10.16 per bushel representing the drop in soybean prices from 2018 to 2019. Price volatility is considered when setting premium levels for insurance products.
How high will corn go?
The height of the stalks depends on the corn variety and the environment. On average, a corn plant measures 8 feet tall but the world record is over 30 feet.
Is soybean a cash crop?
Soybeans became a cash crop in South Carolina in the late 1940s. Farmers liked the crop’s low fertilizer requirements, soil-building character, and market strength. Moreover, soybeans are a good rotational crop and thus a good fit in both cotton and tobacco cultures.
