Soybean Price
Latest price
524 USD/mt
Benchmark: US soybeans, FOB US Gulf
Price Chart
How this year compares, month by month, to the typical pattern of recent years for the selected region.
Notable price events
- 2007-08 global food price crisis — Drought in major exporting countries, combined with several governments restricting exports to protect domestic supply and growing demand for biofuel crops, pushed wheat, rice and corn to what were then record prices within about a year - triggering food riots in over 30 countries.
- 2012 US Midwest drought — The worst US drought in over 50 years cut the corn harvest roughly 13% below the prior year and pushed corn futures to a then-record above $8/bushel - the costliest agricultural disaster in US history at an estimated $30 billion in losses.
"World" is the global benchmark price (World Bank Pink Sheet, monthly since 1960, where available). Canadian province options are Statistics Canada producer prices (monthly); "Canada (average)" is a simple, unweighted mean across reporting provinces, computed by agri.markets — not a production-weighted figure. Options for India, China, Brazil, Mexico, West Africa and other countries are monthly wholesale prices from national sources, republished by FAO's GIEWS price monitoring tool - for India the Ministry of Consumer Affairs, in INR per 100 kg (one quintal). A plain country name is that country's official national average. US state options are USDA AMS daily cash grain bids (individual elevators/trade locations averaged per state per day); "US daily average" is a simple, unweighted mean across reporting states, computed by agri.markets. "United States" alone is USDA NASS's monthly national figure. Currency, unit and inflation conversions are explained in how agri.markets sources and calculates prices.
Price data table
Recent prices
| Period | Price (USD/mt) | Change |
|---|---|---|
| Sep 2026 | 524 | +8.7% |
| Aug 2026 | 482 | +0.8% |
| Jul 2026 | 478 | +3.0% |
| Jun 2026 | 464 | -1.9% |
| May 2026 | 473 | +2.2% |
| Apr 2026 | 463 | -2.1% |
| Mar 2026 | 473 | +3.1% |
| Feb 2026 | 459 | +8.0% |
| Jan 2026 | 425 | -3.4% |
| Dec 2025 | 440 | -1.3% |
| Nov 2025 | 446 | +10.4% |
| Oct 2025 | 404 | +0.0% |
Annual averages
| Year | Average (USD/mt) | Change |
|---|---|---|
| 2026 (year to date) | 471.22 | +13.7% |
| 2025 | 414.42 | -10.4% |
| 2024 | 462.42 | -22.7% |
| 2023 | 597.92 | -11.5% |
| 2022 | 675.42 | +15.8% |
| 2021 | 583.33 | +43.4% |
| 2020 | 406.67 | +10.2% |
| 2019 | 369.08 | -6.4% |
| 2018 | 394.42 | +0.2% |
| 2017 | 393.5 | -3.0% |
Market situation
Latest US daily cash price (USDA AMS, averaged across reporting states): $12.38/bu on 2026-10-14.
USDA projects US production for 2026/27 at 4,562 million bushels (+7.1% vs. 2025/26).
USDA's WASDE report projects a $12.00/bu season-average price for the 2026/27 marketing year (+14% vs. $10.50/bu estimated for 2025/26).
World stocks-to-use ratio 2026/27: 19.6% (-0.6 percentage points vs. 2025/26, USDA) - a thinner cushion than last season. What this means
Latest World price (2026-09): -1% vs. the 5-year average, +10% vs. the 10-year average, +30% vs. a year ago.
Soybean Prices by Region
United States (21)
Canada (5)
Africa, Asia and Latin America (3)
Cambodia
About Soybeans
A major oilseed crushed into soybean oil (cooking oil, biodiesel) and soybean meal (animal feed, especially poultry and pork). Brazil and the US are the two largest producers and exporters, with China by far the largest buyer — Chinese import demand and US-China trade relations are unusually influential on soybean prices. That was on full display in 2018, when China's retaliatory tariffs on US soybeans during the trade dispute cut US exports sharply and permanently shifted more of China's buying toward Brazil, reshaping global trade flows in a way that outlasted the tariffs themselves.
Top Soybean Producers
| Rank | Country | ||
|---|---|---|---|
| 1 | Brazil | 144,473,768 t | 3.1 t/ha |
| 2 | United States | 118,836,440 t | 3.4 t/ha |
| 3 | Argentina | 48,213,207 t | 2.9 t/ha |
| 4 | China | 20,650,000 t | 2.0 t/ha |
| 5 | India | 15,132,082 t | 1.2 t/ha |
| 6 | Paraguay | 11,100,256 t | 3.0 t/ha |
| 7 | Canada | 7,568,013 t | 3.3 t/ha |
| 8 | Russia | 7,000,000 t | 1.7 t/ha |
| 9 | Ukraine | 6,635,180 t | 2.4 t/ha |
| 10 | Bolivia | 3,216,440 t | 1.9 t/ha |
| 11 | Uruguay | 3,065,000 t | 3.2 t/ha |
| 12 | South Africa | 1,848,000 t | 1.6 t/ha |
| 13 | Nigeria | 1,150,000 t | 1.0 t/ha |
| 14 | Italy | 1,125,580 t | 3.3 t/ha |
| 15 | Benin | 652,454 t | 1.0 t/ha |
| 16 | France | 398,540 t | 2.6 t/ha |
| 17 | Serbia | 346,808 t | 1.6 t/ha |
| 18 | Romania | 316,760 t | 2.2 t/ha |
| 19 | Malawi | 305,000 t | 1.2 t/ha |
| 20 | Togo | 284,342 t | 1.0 t/ha |
| 21 | Ghana | 270,000 t | 1.9 t/ha |
| 22 | Mexico | 265,333 t | 2.1 t/ha |
| 23 | Hungary | 258,890 t | 2.3 t/ha |
| 24 | Croatia | 255,080 t | 2.5 t/ha |
| 25 | Japan | 252,400 t | 1.6 t/ha |
| 26 | Austria | 249,130 t | 2.8 t/ha |
| 27 | Ethiopia | 240,000 t | 2.7 t/ha |
| 28 | Colombia | 235,454 t | 2.5 t/ha |
| 29 | Indonesia | 227,367 t | 1.7 t/ha |
| 30 | Kazakhstan | 207,503 t | 2.1 t/ha |
| 31 | Iran | 200,000 t | 2.4 t/ha |
| 32 | North Korea | 180,000 t | 1.2 t/ha |
| 33 | Türkiye | 180,000 t | 4.1 t/ha |
| 34 | Zambia | 169,700 t | 1.1 t/ha |
| 35 | Uganda | 155,000 t | 0.7 t/ha |
| 36 | South Korea | 154,954 t | 2.1 t/ha |
| 37 | Slovakia | 152,740 t | 2.3 t/ha |
| 38 | Myanmar (Burma) | 140,000 t | 1.1 t/ha |
| 39 | Burkina Faso | 138,052 t | 1.2 t/ha |
| 40 | Germany | 131,800 t | 3.3 t/ha |
| 41 | Cameroon | 116,690 t | 1.8 t/ha |
| 42 | Bangladesh | 106,833 t | 1.9 t/ha |
| 43 | Poland | 80,960 t | 2.6 t/ha |
| 44 | Egypt | 75,000 t | 3.0 t/ha |
| 45 | Czechia | 73,670 t | 2.6 t/ha |
| 46 | Mozambique | 70,000 t | 1.2 t/ha |
| 47 | Zimbabwe | 69,291 t | 1.8 t/ha |
| 48 | Australia | 65,300 t | 3.0 t/ha |
| 49 | Cambodia | 51,000 t | 1.5 t/ha |
| 50 | Angola | 46,857 t | 1.1 t/ha |
| 51 | Vietnam | 46,127 t | 1.6 t/ha |
| 52 | Guatemala | 45,000 t | 2.6 t/ha |
| 53 | Tanzania | 42,738 t | 1.2 t/ha |
| 54 | Rwanda | 36,705 t | 0.5 t/ha |
| 55 | Bosnia & Herzegovina | 31,579 t | 2.1 t/ha |
| 56 | Moldova | 31,555 t | 1.2 t/ha |
| 57 | Nepal | 28,520 t | 1.3 t/ha |
| 58 | Congo - Kinshasa | 28,401 t | 0.6 t/ha |
| 59 | Belize | 26,404 t | 1.6 t/ha |
| 60 | Ecuador | 24,711 t | 1.3 t/ha |
| 61 | Mali | 22,814 t | 0.6 t/ha |
| 62 | Kenya | 17,417 t | 1.0 t/ha |
| 63 | Thailand | 16,347 t | 1.6 t/ha |
| 64 | Uzbekistan | 12,606 t | 4.3 t/ha |
| 65 | Slovenia | 11,640 t | 2.8 t/ha |
| 66 | Venezuela | 11,057 t | 1.9 t/ha |
| 67 | Spain | 10,940 t | 3.5 t/ha |
| 68 | Laos | 7,879 t | 2.6 t/ha |
| 69 | Sierra Leone | 7,485 t | 0.7 t/ha |
| 70 | Switzerland | 7,479 t | 2.3 t/ha |
| 71 | Afghanistan | 7,305 t | 2.1 t/ha |
| 72 | Sri Lanka | 6,196 t | 1.9 t/ha |
| 73 | El Salvador | 5,380 t | 1.9 t/ha |
| 74 | Taiwan | 5,000 t | 1.7 t/ha |
| 75 | Gabon | 4,015 t | 0.9 t/ha |
| 76 | Syria | 3,610 t | 2.1 t/ha |
| 77 | Liberia | 3,426 t | 0.4 t/ha |
| 78 | Kyrgyzstan | 2,549 t | 2.4 t/ha |
| 79 | Greece | 2,490 t | 1.6 t/ha |
| 80 | Peru | 2,230 t | 2.2 t/ha |
| 81 | Honduras | 2,193 t | 2.0 t/ha |
| 82 | Burundi | 2,165 t | 0.4 t/ha |
| 83 | Lithuania | 2,040 t | 1.9 t/ha |
| 84 | Georgia | 2,000 t | 2.0 t/ha |
| 85 | Cuba | 1,000 t | 2.5 t/ha |
| 86 | Morocco | 1,000 t | 1.0 t/ha |
| 87 | Timor-Leste | 861 t | 0.8 t/ha |
| 88 | Albania | 813 t | 2.4 t/ha |
| 89 | Bulgaria | 630 t | 1.1 t/ha |
| 90 | Côte d’Ivoire | 572 t | 1.5 t/ha |
| 91 | Philippines | 506 t | 1.4 t/ha |
| 92 | Panama | 96 t | 0.3 t/ha |
| 93 | Bhutan | 80 t | 0.9 t/ha |
| 94 | North Macedonia | 55 t | 1.7 t/ha |
| 95 | Luxembourg | 50 t | 2.5 t/ha |
| 96 | Madagascar | 48 t | 0.6 t/ha |
| 97 | Iraq | 34 t | 0.8 t/ha |
| 98 | Azerbaijan | 30 t | 0.6 t/ha |
| 99 | Tajikistan | 21 t | 0.3 t/ha |
| 100 | French Polynesia | 11 t | 2.0 t/ha |
| 101 | Pakistan | 3 t | 0.6 t/ha |
| 102 | Suriname | 2 t | 1.1 t/ha |
FAOSTAT production data, 2024. World average yield: 2.8 t/ha.
Top Soybean Importers
| Rank | Country | |
|---|---|---|
| 1 | China | 105,032,704 t |
| 2 | Argentina | 7,580,767 t |
| 3 | Mexico | 6,577,631 t |
| 4 | Thailand | 3,871,097 t |
| 5 | Türkiye | 3,754,048 t |
| 6 | Spain | 3,699,022 t |
| 7 | Germany | 3,686,302 t |
| 8 | Netherlands | 3,579,035 t |
| 9 | Egypt | 3,364,921 t |
| 10 | Japan | 3,171,501 t |
| 11 | Indonesia | 2,676,321 t |
| 12 | Italy | 2,528,104 t |
| 13 | Iran | 2,494,586 t |
| 14 | Taiwan | 2,465,823 t |
| 15 | Vietnam | 2,273,470 t |
| 16 | Bangladesh | 2,031,231 t |
| 17 | Algeria | 1,616,859 t |
| 18 | Russia | 1,356,618 t |
| 19 | South Korea | 1,148,399 t |
| 20 | Portugal | 1,127,567 t |
| 21 | United Kingdom | 1,074,155 t |
| 22 | Pakistan | 1,039,446 t |
| 23 | Brazil | 821,545 t |
| 24 | Iraq | 723,509 t |
| 25 | Malaysia | 703,773 t |
| 26 | United States | 660,522 t |
| 27 | France | 630,751 t |
| 28 | India | 593,112 t |
| 29 | Tunisia | 552,003 t |
| 30 | Colombia | 443,643 t |
| 31 | Saudi Arabia | 391,121 t |
| 32 | Belgium | 348,808 t |
| 33 | Norway | 347,191 t |
| 34 | Canada | 300,499 t |
| 35 | Costa Rica | 264,412 t |
| 36 | Belarus | 241,200 t |
| 37 | Israel | 235,902 t |
| 38 | Greece | 232,702 t |
| 39 | Peru | 222,342 t |
| 40 | Serbia | 201,575 t |
| 41 | Hungary | 173,962 t |
| 42 | Poland | 164,561 t |
| 43 | Austria | 158,600 t |
| 44 | Romania | 135,385 t |
| 45 | Zimbabwe | 114,766 t |
| 46 | United Arab Emirates | 109,312 t |
| 47 | Slovenia | 107,712 t |
| 48 | Venezuela | 106,012 t |
| 49 | Philippines | 105,098 t |
| 50 | Nepal | 89,969 t |
| 51 | Togo | 89,193 t |
| 52 | Lebanon | 87,506 t |
| 53 | Chile | 86,099 t |
| 54 | Kazakhstan | 71,439 t |
| 55 | Uzbekistan | 68,339 t |
| 56 | Uruguay | 66,846 t |
| 57 | Nigeria | 64,001 t |
| 58 | South Africa | 62,468 t |
| 59 | Czechia | 51,220 t |
| 60 | Denmark | 48,016 t |
| 61 | Slovakia | 46,080 t |
| 62 | Panama | 38,171 t |
| 63 | Dominican Republic | 36,025 t |
| 64 | Moldova | 34,829 t |
| 65 | Morocco | 29,800 t |
| 66 | Barbados | 27,056 t |
| 67 | Croatia | 23,936 t |
| 68 | Ireland | 23,562 t |
| 69 | Singapore | 20,573 t |
| 70 | Hong Kong SAR China | 17,911 t |
| 71 | Azerbaijan | 16,218 t |
| 72 | Sweden | 11,603 t |
| 73 | Switzerland | 10,544 t |
| 74 | Brunei | 9,284 t |
| 75 | Tajikistan | 8,699 t |
| 76 | Cambodia | 8,623 t |
| 77 | Mozambique | 8,600 t |
| 78 | Bosnia & Herzegovina | 8,592 t |
| 79 | Kenya | 8,230 t |
| 80 | Kyrgyzstan | 7,451 t |
| 81 | Uganda | 7,351 t |
| 82 | Jordan | 7,081 t |
| 83 | Eswatini | 6,933 t |
| 84 | Paraguay | 6,277 t |
| 85 | Turkmenistan | 6,078 t |
| 86 | Finland | 5,959 t |
| 87 | North Korea | 5,000 t |
| 88 | Myanmar (Burma) | 4,178 t |
| 89 | Rwanda | 4,092 t |
| 90 | Cuba | 4,000 t |
| 91 | Armenia | 3,033 t |
| 92 | Ghana | 2,953 t |
| 93 | New Zealand | 2,654 t |
| 94 | Timor-Leste | 2,610 t |
| 95 | Bolivia | 2,452 t |
| 96 | Bulgaria | 2,383 t |
| 97 | Botswana | 2,226 t |
| 98 | Malawi | 2,165 t |
| 99 | Afghanistan | 1,512 t |
| 100 | Honduras | 1,364 t |
| 101 | Australia | 1,272 t |
| 102 | Angola | 1,261 t |
| 103 | Laos | 1,165 t |
| 104 | Cyprus | 1,044 t |
| 105 | Ukraine | 1,005 t |
| 106 | Montenegro | 830 t |
| 107 | Senegal | 821 t |
| 108 | Lithuania | 794 t |
| 109 | Luxembourg | 759 t |
| 110 | Macao SAR China | 595 t |
| 111 | Seychelles | 591 t |
| 112 | Jamaica | 565 t |
| 113 | Tanzania | 549 t |
| 114 | Gabon | 522 t |
| 115 | Côte d’Ivoire | 347 t |
| 116 | Estonia | 343 t |
| 117 | Kuwait | 323 t |
| 118 | Mongolia | 216 t |
| 119 | Mauritius | 210 t |
| 120 | Qatar | 188 t |
| 121 | Guatemala | 173 t |
| 122 | Mali | 150 t |
| 123 | Congo - Kinshasa | 145 t |
| 124 | Madagascar | 142 t |
| 125 | Syria | 130 t |
| 126 | Congo - Brazzaville | 123 t |
| 127 | Sri Lanka | 114 t |
| 128 | Guyana | 110 t |
| 129 | Burkina Faso | 101 t |
| 130 | Namibia | 76 t |
| 131 | Trinidad & Tobago | 66 t |
| 132 | Suriname | 60 t |
| 133 | St. Vincent & Grenadines | 47 t |
| 134 | Iceland | 47 t |
| 135 | Bahamas | 45 t |
| 136 | Bahrain | 45 t |
| 137 | Latvia | 43 t |
| 138 | New Caledonia | 42 t |
| 139 | St. Kitts & Nevis | 37 t |
| 140 | Sierra Leone | 33 t |
| 141 | Papua New Guinea | 32 t |
| 142 | Oman | 30 t |
| 143 | El Salvador | 29 t |
| 144 | Cape Verde | 27 t |
| 145 | Fiji | 25 t |
| 146 | Georgia | 24 t |
| 147 | Maldives | 22 t |
| 148 | Equatorial Guinea | 21 t |
| 149 | Zambia | 20 t |
| 150 | St. Lucia | 14 t |
| 151 | Malta | 13 t |
| 152 | Niger | 9 t |
| 153 | South Sudan | 8 t |
| 154 | Palestinian Territories | 6 t |
| 155 | North Macedonia | 6 t |
| 156 | Guinea | 5 t |
| 157 | Faroe Islands | 4 t |
| 158 | French Polynesia | 4 t |
| 159 | Lesotho | 3 t |
| 160 | Yemen | 2 t |
| 161 | Sudan | 2 t |
| 162 | Liberia | 2 t |
| 163 | Gambia | 1 t |
| 164 | Solomon Islands | 1 t |
| 165 | Albania | 1 t |
| 166 | Samoa | 1 t |
FAOSTAT trade data, 2024.
Top Soybean Exporters
| Rank | Country | |
|---|---|---|
| 1 | Brazil | 98,812,924 t |
| 2 | United States | 52,327,703 t |
| 3 | Paraguay | 7,987,014 t |
| 4 | Canada | 5,102,633 t |
| 5 | Argentina | 4,145,167 t |
| 6 | Ukraine | 3,429,757 t |
| 7 | Uruguay | 2,675,402 t |
| 8 | Netherlands | 790,183 t |
| 9 | Russia | 714,281 t |
| 10 | Nigeria | 283,379 t |
| 11 | Croatia | 238,051 t |
| 12 | Romania | 223,027 t |
| 13 | Bolivia | 202,391 t |
| 14 | South Africa | 150,412 t |
| 15 | Slovakia | 146,758 t |
| 16 | Poland | 142,321 t |
| 17 | Hungary | 130,817 t |
| 18 | Belgium | 129,225 t |
| 19 | Austria | 129,193 t |
| 20 | Ethiopia | 105,028 t |
| 21 | Slovenia | 99,100 t |
| 22 | France | 89,993 t |
| 23 | Ghana | 87,684 t |
| 24 | China | 66,369 t |
| 25 | Türkiye | 56,234 t |
| 26 | Togo | 49,196 t |
| 27 | Czechia | 45,853 t |
| 28 | Germany | 41,251 t |
| 29 | Kazakhstan | 40,479 t |
| 30 | Italy | 29,063 t |
| 31 | Mozambique | 20,457 t |
| 32 | Burkina Faso | 14,599 t |
| 33 | Zambia | 13,658 t |
| 34 | Cambodia | 13,077 t |
| 35 | Malawi | 12,548 t |
| 36 | Malaysia | 11,761 t |
| 37 | Portugal | 11,021 t |
| 38 | Uganda | 10,549 t |
| 39 | Serbia | 7,712 t |
| 40 | Sudan | 7,580 t |
| 41 | India | 7,169 t |
| 42 | Spain | 5,338 t |
| 43 | Côte d’Ivoire | 4,947 t |
| 44 | Tanzania | 4,748 t |
| 45 | Australia | 4,625 t |
| 46 | Bosnia & Herzegovina | 3,920 t |
| 47 | Denmark | 3,283 t |
| 48 | Syria | 3,277 t |
| 49 | Lithuania | 3,099 t |
| 50 | Azerbaijan | 3,000 t |
| 51 | Chile | 2,844 t |
| 52 | United Kingdom | 2,736 t |
| 53 | Indonesia | 2,638 t |
| 54 | Greece | 2,363 t |
| 55 | United Arab Emirates | 2,072 t |
| 56 | Ireland | 1,390 t |
| 57 | Estonia | 1,309 t |
| 58 | Mali | 941 t |
| 59 | Moldova | 895 t |
| 60 | Singapore | 755 t |
| 61 | Eswatini | 620 t |
| 62 | Hong Kong SAR China | 618 t |
| 63 | Pakistan | 502 t |
| 64 | Thailand | 246 t |
| 65 | Uzbekistan | 220 t |
| 66 | Senegal | 180 t |
| 67 | Japan | 154 t |
| 68 | Sweden | 137 t |
| 69 | Vietnam | 130 t |
| 70 | Somalia | 129 t |
| 71 | Belize | 72 t |
| 72 | Taiwan | 70 t |
| 73 | Angola | 60 t |
| 74 | Iran | 42 t |
| 75 | Switzerland | 38 t |
| 76 | Egypt | 30 t |
| 77 | New Zealand | 26 t |
| 78 | Laos | 23 t |
| 79 | Latvia | 23 t |
| 80 | Sri Lanka | 22 t |
| 81 | Nepal | 22 t |
| 82 | Zimbabwe | 22 t |
| 83 | Myanmar (Burma) | 20 t |
| 84 | Congo - Kinshasa | 18 t |
| 85 | Norway | 17 t |
| 86 | Ecuador | 13 t |
| 87 | Finland | 11 t |
| 88 | Guatemala | 10 t |
| 89 | Algeria | 9 t |
| 90 | Bulgaria | 7 t |
| 91 | South Korea | 7 t |
| 92 | Peru | 5 t |
| 93 | Luxembourg | 3 t |
| 94 | Bangladesh | 1 t |
| 95 | Costa Rica | 1 t |
| 96 | Saudi Arabia | 1 t |
| 97 | Trinidad & Tobago | 1 t |
| 98 | Mauritius | 1 t |
| 99 | Honduras | 1 t |
FAOSTAT trade data, 2024.
Frequently Asked Questions
- Soybeans: what is the latest price?
- The latest price is 524 USD/mt (World, Sep 2026, monthly data, World Bank).
- Soybeans: how often is the price updated?
- agri.markets checks its sources every day and shows the newest value each of them has published. How often a value changes depends on the source; the period is shown next to the price.
- Soybeans: where does the price data come from?
- From USDA NASS, World Bank, Statistics Canada, FAO GIEWS, and USDA AMS. Each regional page names its own source.
- Soybeans: is this a live or futures price?
- No. agri.markets shows benchmark and regional prices from public statistical sources, not real-time exchange quotes.
Learn more
- Trade Policy and Tariffs: How Politics Moves Agricultural Prices
- How Currency Exchange Rates Move Agricultural Prices
- What Is a Marketing Year? ('2024/25' Explained)
- Biofuels as a Price Driver: How Ethanol and Biodiesel Compete for Crops
- The Biggest Seed and Crop Protection Companies
- The Biggest Farm Machinery Companies