Multiple factors drive soybean prices

There is no clear direction regarding the movement of soybean prices. On the one hand, weather conditions are putting pressure on the price, whereas on the other, the conflict in the Black Sea region is supporting the price. The weather in the US is putting price pressure on soybeans in the short term. Cooler and wetter weather is expected this month in key US production regions, which will benefit crops. Due to dry, warm weather, crops are not doing as well as they were a year ago. The US De