Soybeans Prices

Soybean prices averaged USD 1,131 cents per bushel in November, up 9.3% from October. On 28 November, the commodity traded at USD 1,138 cents per bushel, up 3.5% from 31 October.

In November, soybean prices surged to a 17-month high, boosted by the China-U.S. trade truce reached in late October; Beijing resumed its imports of U.S. grain and markets rallied on expectations that the country will ramp up its purchases by year-end to meet the terms negotiated with Washington. On the supply front, dry weather in the Americas sparked production concerns and supported soybean prices further.