Global price of Soybeans
This dataset tracks global price of soybeans over time.
Latest Value
383.52
Year-over-Year Change
-11.01%
Date Range
1/1/1990 - 6/1/2025
Summary
The Global Price of Soybeans (PSOYBUSDM) tracks the U.S. dollar price of soybeans traded on global commodity markets. This metric is a key indicator for agricultural economists and policymakers monitoring food prices and agricultural trade.
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 Global Price of Soybeans (PSOYBUSDM) measures the monthly average price of soybeans traded on global commodity exchanges, expressed in U.S. dollars per metric ton. Soybean prices are a vital data point for assessing agricultural market conditions, food inflation, and the economic impacts of trade policies.
Methodology
The data is collected from spot price quotes on major commodity exchanges.
Historical Context
Soybean prices influence the costs of animal feed, vegetable oil, and other soy-derived products, making this metric relevant for both agricultural and broader economic policy.
Key Facts
- Soybeans are one of the world's most widely traded agricultural commodities.
- China is the largest importer of soybeans globally.
- Soybean prices fluctuate based on supply, demand, and trade policies.
FAQs
Q: What does this economic trend measure?
A: The Global Price of Soybeans (PSOYBUSDM) tracks the monthly average U.S. dollar price of soybeans traded on global commodity exchanges.
Q: Why is this trend relevant for users or analysts?
A: Soybean prices are a key indicator for assessing agricultural market conditions, food inflation, and the economic impacts of trade policies.
Q: How is this data collected or calculated?
A: The data is collected from spot price quotes on major commodity exchanges.
Q: How is this trend used in economic policy?
A: Soybean prices influence the costs of animal feed, vegetable oil, and other soy-derived products, making this metric relevant for both agricultural and broader economic policy.
Q: Are there update delays or limitations?
A: The data is reported monthly, with a potential 1-2 month delay before publication.
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Citation
U.S. Federal Reserve, Global price of Soybeans (PSOYBUSDM), retrieved from FRED.