# Soybean prices to set a new record high above $17.50 – OCBC — Octa

> OCBC economists forecast new record soybean highs above $17.50 per bushel for May and July 2021 contracts, up from about $13.70. They cite relentless Chinese buying and US exports on pace to meet USDA's 2.25 billion bushel estimate.

- Date: 2021-02-16 · published 2021-02-16T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/48693-soybean-prices-to-set-a-new-record-high-above-17-50-ocbc-octa
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A forecast of record prices signals strong upside expectations for soybeans and related feed costs. The forecast is an analyst view rather than a confirmed supply shock.

## Read by commodity

- SOY: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/882595/

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