June 2018 Soybean Prices Recap

The month of June saw soybean prices decline thanks to ongoing trade tensions between the United States and the rest of the world. The weather showed no signs of slowing down crop progress and soybean quality remains higher than the five-year average.

More specifically, soybean prices on the Chicago Board of Trade in the month of June dropped by 16%! Put another way, this was one of the worst months ever, in terms of performance, for soybean prices. 

soybean-prices-recap

We’re watching a variety of factors that might affect soybean prices: 7 are noise, 3 are bearish, 3 are bullish. Put another way, there is a whole heck of a lot of noise in the soybean market, and now, more than ever, you need to be able to clear the noise. 

On a daily basis, this is what we’re doing for our GrainCents readers. Over the course of this past month, we delved deeper into topics in GrainCents such as:

 – What it will take to get back to $10.50 soybean prices

 – An increase in the US inflation rate

 – Lower soybean stocks and a higher crush

 – Why, in the age of trade wars, organics are still competitive

 – StatsCan’s estimates for soybean acres in 2018/19

 – Estimates for US 2018/19 soybean acres and remaining stocks

Heading into the second half of the year, buyers and sellers of grain need actionable insight to make sense of ongoing trade tensions, supply and demand factors, and market behavior. We’re going to see a few wild swings in soybean prices as the summer months progress, and you owe it to yourself to stay on top of the markets.

That’s why we’re offering a free three-week trial to GrainCents, our exclusive sales recommendation service that holds a 93% success rate on getting farmers the best price possible.

Sign up right here for your risk-free trial.

About the Author
Brennan Turner

Brennan Turner is the CEO of FarmLead.com, North America’s Grain Marketplace. He holds a degree in economics from Yale University and spent time on Wall Street in commodity trade and analysis before starting FarmLead. In 2017, Brennan was named to Fast Company’s List of Most Creative People in Business and, in 2018, a Henry Crown Fellow. He is originally from Foam Lake, Saskatchewan where his family started farming the land nearly 100 years ago (and still do to this day!). Brennan's unique grain markets analysis can be found in everything from small-town print newspapers to large media outlets such as Bloomberg and Reuters.

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