Soybean Price History: Prices per Bushel by Year Since 1980
Soybean price history from the USDA: the season-average price US farmers received per bushel every year since 1980, monthly prices since 2014, record highs and decade averages. For today’s prices, see soybean prices today.
Data through: December 2025
Soybean Price History Chart (1980/81–2025/26)
Monthly soybean prices, last 9 years
Monthly soybean prices by year ($/bushel)
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Avg |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 10.00 | 10.20 | 10.20 | 10.20 | 10.40 | 10.40 | 10.20 | 10.00 | 9.85 | 9.71 | 10.50 | 10.40 | 10.17 |
| 2024 | 12.80 | 11.90 | 11.80 | 11.80 | 11.90 | 11.80 | 11.30 | 10.30 | 10.20 | 9.91 | 9.84 | 9.79 | 11.11 |
| 2023 | 14.50 | 15.10 | 14.90 | 14.90 | 14.40 | 14.20 | 14.70 | 14.10 | 13.20 | 12.70 | 13.00 | 13.10 | 14.07 |
| 2022 | 12.90 | 14.70 | 15.40 | 15.80 | 16.10 | 16.40 | 15.50 | 15.30 | 14.20 | 13.50 | 14.00 | 14.40 | 14.85 |
| 2021 | 10.90 | 12.70 | 13.20 | 13.90 | 14.80 | 14.50 | 14.10 | 13.70 | 12.20 | 11.90 | 12.10 | 12.50 | 13.04 |
| 2020 | 8.84 | 8.60 | 8.47 | 8.35 | 8.28 | 8.34 | 8.50 | 8.66 | 9.24 | 9.63 | 10.30 | 10.60 | 8.98 |
| 2019 | 8.64 | 8.52 | 8.52 | 8.28 | 8.02 | 8.31 | 8.38 | 8.22 | 8.35 | 8.60 | 8.59 | 8.70 | 8.43 |
| 2018 | 9.30 | 9.50 | 9.81 | 9.85 | 9.84 | 9.55 | 9.08 | 8.59 | 8.78 | 8.59 | 8.36 | 8.56 | 9.15 |
| 2017 | 9.71 | 9.86 | 9.69 | 9.33 | 9.29 | 9.10 | 9.42 | 9.24 | 9.35 | 9.18 | 9.22 | 9.30 | 9.39 |
| 2016 | 8.71 | 8.51 | 8.56 | 9.01 | 9.76 | 10.20 | 10.20 | 9.93 | 9.41 | 9.30 | 9.47 | 9.64 | 9.39 |
| 2015 | 10.30 | 9.91 | 9.85 | 9.69 | 9.58 | 9.58 | 9.95 | 9.71 | 9.05 | 8.81 | 8.68 | 8.76 | 9.49 |
| 2014 | 12.90 | 13.20 | 13.70 | 14.30 | 14.40 | 14.30 | 13.10 | 12.40 | 10.90 | 9.97 | 10.20 | 10.30 | 12.47 |
Soybean prices by decade
| Decade | Average ($/bushel) | Lowest year | Highest year |
|---|---|---|---|
| 2020s | $11.82 | $10.00 | $14.20 |
| 2010s | $10.61 | $8.48 | $14.40 |
| 2000s | $6.93 | $4.38 | $10.10 |
| 1990s | $5.89 | $4.63 | $7.35 |
| 1980s | $6.18 | $4.78 | $7.83 |
Full table: soybean price every marketing-year year, 1980/81–2025/26 (46 years)
| Marketing-year | Price ($/bushel) |
|---|---|
| 2025/26 | $10.20 |
| 2024/25 | $10.00 |
| 2023/24 | $12.40 |
| 2022/23 | $14.20 |
| 2021/22 | $13.30 |
| 2020/21 | $10.80 |
| 2019/20 | $8.57 |
| 2018/19 | $8.48 |
| 2017/18 | $9.33 |
| 2016/17 | $9.47 |
| 2015/16 | $8.95 |
| 2014/15 | $10.10 |
| 2013/14 | $13.00 |
| 2012/13 | $14.40 |
| 2011/12 | $12.50 |
| 2010/11 | $11.30 |
| 2009/10 | $9.59 |
| 2008/09 | $9.97 |
| 2007/08 | $10.10 |
| 2006/07 | $6.43 |
| 2005/06 | $5.66 |
| 2004/05 | $5.74 |
| 2003/04 | $7.34 |
| 2002/03 | $5.53 |
| 2001/02 | $4.38 |
| 2000/01 | $4.54 |
| 1999/00 | $4.63 |
| 1998/99 | $4.93 |
| 1997/98 | $6.47 |
| 1996/97 | $7.35 |
| 1995/96 | $6.72 |
| 1994/95 | $5.48 |
| 1993/94 | $6.40 |
| 1992/93 | $5.56 |
| 1991/92 | $5.58 |
| 1990/91 | $5.74 |
| 1989/90 | $5.69 |
| 1988/89 | $7.42 |
| 1987/88 | $5.88 |
| 1986/87 | $4.78 |
| 1985/86 | $5.05 |
| 1984/85 | $5.84 |
| 1983/84 | $7.83 |
| 1982/83 | $5.71 |
| 1981/82 | $6.07 |
| 1980/81 | $7.57 |
Soybean marketing year runs September to August. Annual figures are USDA season-average prices received by farmers.
Source: Oil Crops Yearbook, Tables 3 and 34a (USDA Economic Research Service, based on USDA National Agricultural Statistics Service and Agricultural Marketing Service data). The most recent year may be preliminary or a USDA forecast. Prices are nominal (not adjusted for inflation). Checked for updates every weekday; USDA updates these tables monthly.
Key Moments in Soybean Price History
- 2007–2008: fast-rising demand from China and biodiesel lifted soybeans to new highs.
- 2012: the US drought cut yields and produced a record season-average price.
- 2018–2019: the US-China trade war cut exports and pushed prices down.
- 2021–2022: strong demand for soybean oil (renewable diesel) and tight global supplies lifted prices again.
How to Use Soybean Price History
- Compare the latest price with the 10-year average to judge whether today’s prices are high or low historically.
- Soybean and corn prices tend to move together, but the ratio between them shapes how many acres farmers plant to each crop.
- All prices are nominal, not adjusted for inflation.
FAQ
What is the highest soybean price in history?
The highest US season-average price received by farmers in this series was in 2012/13. See the record card above for the figure.
Why did soybean prices drop in 2018?
Retaliatory tariffs during the US-China trade war cut Chinese purchases of US soybeans, the largest export market at the time.
Where does this data come from?
USDA Economic Research Service Oil Crops Yearbook, based on NASS Agricultural Prices surveys.
How often is this page updated?
We check USDA’s tables every weekday and update when new data is published.