# CBOT soyabeans end 2020 at 6-1/2-year high - Markets - Business Recorder

> CBOT soybean futures hit a 6-1/2-year high on worries about tightening global supplies and drought in South America. The March contract settled at $13.11 per bushel, and soybeans gained 37.2% over 2020, their strongest annual gain since 2007.

- Date: 2021-01-01 · published 2021-01-01T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/49189-cbot-soyabeans-end-2020-at-6-1-2-year-high-markets-business-recorder
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Concerns about South American drought and tight global stocks support soybean prices, which raises the cost of soybean meal used in feed.

## Read by commodity

- SOY: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40046675

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