What is the highest annual soybeans value in this dataset?

$18.37 ($/bushel) in 2022 annual value. This is the highest annual observation within 1960–2025, rather than a daily market record.

How are inflation-adjusted prices calculated?

Each nominal observation is multiplied by the site’s reference CPI divided by the CPI for that observation’s year. The same inflation calculation is used across commodity charts.

Agriculture & Grains Series coverage: 1960–2025

Soybeans Historical Price Archive

Annual Soybeans Price Archive

Cite Data

Soybeans are the world's most heavily traded agricultural commodity.

Annual Soybeans benchmark price: World Bank annual nominal observations from the Pink Sheet workbook. Unit conversions and CPI adjustments are calculated by CommoditiesHistory.com. No incomplete 2026 annual value is included. Published dollars per metric ton are converted using a 60-pound bushel.

Soybeans Interactive Price History (1960–2025)

Inflation-Adjusted (Real 2026 USD)

Drag to pan, scroll to zoom, and hover for annual values.

Loading chart. Annual values are also available in the table below.

Data sources: World Bank Annual Observations

Soybeans Historical Eras & Macro Cycles

Detailed analysis of secular supercycles, wartime allocations, and price shocks

Soybeans historical observations

1960–2025

World Bank annual nominal observations from the Pink Sheet workbook. Unit conversions and CPI adjustments are calculated by CommoditiesHistory.com. No incomplete 2026 annual value is included. Published dollars per metric ton are converted using a 60-pound bushel.

Price Behavior Annual observations range from $2.5 to $18.37 ($/bushel).

Key Catalysts

Supply and production
Industrial and consumer demand
International trade

Soybeans Complete Historical Price Table (1960–2025)

Nominal vs. Real Inflation-Adjusted Prices in 2026 USD

Year	Nominal Price ($/bushel)	Real Price (2026 USD)	CPI / Historical Estimate	Historical Context / Market Event
2025	$11.27	$11.72	321.9	—
2024	$12.57	$13.43	313.7	Record Brazilian Cerrado Harvest (Mato Grosso Bumper Crop)
2023	$16.27	$17.89	304.7	—
2022	$18.37	$21.03	292.7	South American La Niña Drought & Ukrainian Sunflower Oil Disruption
2021	$15.87	$19.61	271.0	—
2020	$11.08	$14.34	258.8	China Post-Swine-Fever Herd Restocking Panic
2019	$10.04	$13.16	255.7	African Swine Fever Liquidates 40% of Chinese Hog Herd
2018	$10.72	$14.30	251.1	US-China Trade War: Beijing Slaps 25% Tariff on American Soybeans
2017	$10.70	$14.62	245.1	—
2016	$11.02	$15.38	240.0	—
2015	$10.67	$15.08	237.0	—
2014	$13.20	$18.68	236.7	—
2013	$15.00	$21.56	233.0	—
2012	$16.22	$23.67	229.6	All-Time Historic Record Spike ($17.89/bu in September 2012 Drought)
2011	$14.64	$21.80	224.9	—
2010	$12.17	$18.69	218.1	—
2009	$11.54	$18.02	214.5	—
2008	$14.21	$22.10	215.3	Commodity Supercycle Run (Futures Breached $16.36/bu)
2007	$10.42	$16.84	207.3	—
2006	$7.32	$12.16	201.6	—
2005	$7.48	$12.84	195.3	—
2004	$8.36	$14.82	188.9	—
2003	$7.18	$13.08	184.0	China Pork Industry Protein Demand Wave Begins
2002	$5.80	$10.79	179.9	—
2001	$5.33	$10.09	177.1	—
2000	$5.77	$11.22	172.2	—
1999	$5.50	$11.05	166.6	—
1998	$6.61	$13.59	163.0	—
1997	$8.03	$16.76	160.5	Monsanto Roundup Ready GMO Soybeans Commercialized
1996	$8.30	$17.72	156.9	—
1995	$7.05	$15.49	152.4	—
1994	$6.86	$15.50	148.2	—
1993	$6.94	$16.09	144.5	—
1992	$6.42	$15.34	140.3	—
1991	$6.53	$16.06	136.2	—
1990	$6.72	$17.23	130.7	—
1989	$7.48	$20.22	124.0	—
1988	$8.27	$23.43	118.3	Historic 1988 US Drought
1987	$5.88	$17.33	113.6	—
1986	$5.66	$17.30	109.6	—
1985	$6.10	$18.98	107.6	—
1984	$7.67	$24.74	103.9	—
1983	$7.67	$25.81	99.6	Midwest Drought Squeeze
1982	$6.67	$23.15	96.5	—
1981	$7.84	$28.88	90.9	—
1980	$8.06	$32.75	82.4	—
1979	$8.11	$37.42	72.6	—
1978	$7.29	$37.47	65.2	—
1977	$7.62	$42.12	60.6	—
1976	$6.29	$37.01	56.9	—
1975	$5.99	$37.28	53.8	—
1974	$7.54	$51.22	49.3	—
1973	$7.89	$59.55	44.4	Nixon Shocks Japan with US Soybean Export Embargo (Peak $12.90/bu)
1972	$3.81	$30.53	41.8	—
1971	$3.43	$28.36	40.5	—
1970	$3.18	$27.49	38.8	—
1969	$2.91	$26.58	36.7	—
1968	$3.02	$29.08	34.8	—
1967	$3.13	$31.39	33.4	—
1966	$3.43	$35.45	32.4	—
1965	$3.18	$33.86	31.5	—
1964	$3.02	$32.64	31.0	—
1963	$2.99	$32.77	30.6	—
1962	$2.75	$30.49	30.2	—
1961	$2.97	$33.23	29.9	—
1960	$2.50	$28.34	29.6	—

Frequently Asked Questions: Soybeans History

Targeted answers to high-frequency historical and economic queries

What does this soybeans chart measure?: Annual Soybeans benchmark price. World Bank annual nominal observations from the Pink Sheet workbook. Unit conversions and CPI adjustments are calculated by CommoditiesHistory.com. No incomplete 2026 annual value is included. Published dollars per metric ton are converted using a 60-pound bushel.
What is the highest annual soybeans value in this dataset?: $18.37 ($/bushel) in 2022 annual value. This is the highest annual observation within 1960–2025, rather than a daily market record.
How are inflation-adjusted prices calculated?: Each nominal observation is multiplied by the site’s reference CPI divided by the CPI for that observation’s year. The same inflation calculation is used across commodity charts.

Cite This Dataset

World Bank: Commodity Price Data (Pink Sheet): Soybeans — Data providers: S&P Global (formerly Markit Group Limited and earlier IHS Markit Agribusiness UK Ltd); Bloomberg Finance L.P.; ISTA Mielke GmbH, Oil World; US Department of Agriculture; World Bank. — Underlying source data: CC BY 4.0. Source terms and acknowledgment requirements. Unit conversions and inflation adjustments by CommoditiesHistory.com.

APA (7th Edition)

Commodities History Project. (2026). Soybeans Historical Prices and Inflation-Adjusted Series (1960–2025) [Data set]. CommoditiesHistory.com. https://commoditieshistory.com/soybeans

BibTeX

@dataset{commoditieshistory_soybeans_2026,
  author = {{Commodities History Project}},
  title = {Soybeans Historical Prices and Inflation-Adjusted Series (1960–2025)},
  year = {2026},
  publisher = {CommoditiesHistory.com},
  url = {https://commoditieshistory.com/soybeans}
}