Global price of Soybeans
Annual
PSOYBUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
405.21
Year-over-Year Change
-24.65%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual Producer Price Index for Soybeans tracks the average prices received by U.S. farmers for their soybean crop. It serves as a key indicator of agricultural commodity prices and farm-level inflation.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Annual Producer Price Index for Soybeans is a monthly indicator that measures the average prices received by U.S. farmers for their soybean crop. It is an important measure of agricultural price trends and a component of broader producer price indices.
Methodology
The data is collected through surveys of soybean producers and processors across the United States.
Historical Context
The soybean PPI is closely watched by policymakers, economists, and agricultural markets to gauge farm-level inflationary pressures and commodity price movements.
Key Facts
- Soybeans are a major U.S. agricultural export crop.
- The soybean PPI can influence food and animal feed prices.
- Soybean prices impact farm incomes and rural economic conditions.
FAQs
Q: What does this economic trend measure?
A: The Annual Producer Price Index for Soybeans measures the average prices received by U.S. farmers for their soybean crop.
Q: Why is this trend relevant for users or analysts?
A: The soybean PPI is an important indicator of agricultural commodity prices and farm-level inflationary pressures, which are closely watched by policymakers, economists, and agricultural markets.
Q: How is this data collected or calculated?
A: The data is collected through surveys of soybean producers and processors across the United States.
Q: How is this trend used in economic policy?
A: The soybean PPI is used by policymakers, economists, and agricultural markets to gauge farm-level inflationary pressures and commodity price movements, which can influence food and animal feed prices as well as farm incomes and rural economic conditions.
Q: Are there update delays or limitations?
A: The soybean PPI is released monthly with a short lag, providing timely data on agricultural price trends.
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Citation
U.S. Federal Reserve, Producer Price Index: Soybeans (PSOYBUSDA), retrieved from FRED.