# Soybean cash market ends 2020 at lofty heights, levels off in January

> Soybean cash prices rose above $14.25/bu in mid-January 2021 after a low of $8.31 during 2020, before easing slightly to about $13.20. Demand from China is rebuilding its hog herd after African swine fever, supporting demand for soybean meal and feed protein. Low US grain stocks also support prices.

- Date: 2021-01-25 · published 2021-01-25T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/4063-soybean-cash-market-ends-2020-at-lofty-heights-levels-off-in-january
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Chinese demand recovery for feed protein tightens global soybean supply and supports prices. Low US stocks reinforce the price floor for soybeans and soybean meal.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Sources

- uaex.uada.edu: https://uaex.uada.edu/media-resources/news/2021/January2021/01-25-2021-Ark-soybean-market-rises.aspx

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.