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Soybean Prices Reach Record High

Expectations for Tropical Storm Isaac to cause more damage to crops already affected by the drought has caused the price of soybeans to reach a record high. Those for September delivery have reached nearly 17-dollars and 70-cents per bushel and November delivery reached around 17-dollars and 63-cents per bushel. While some areas had fairly good soybean crops – those crops now face more problems with the storm hitting soybeans in the final phase of growth – which don’t need a lot of moisture or the wind that could flatten the plants. Nearly 40-percent of the U.S. soybean crop is in poor to very poor condition and global supplies are low – though demand is strong. is dedicated to serving the agricultural industry in the Carolinas and Virginia with the latest ag news, exclusive regional weather station readings, and key crop market information. The website is a companion of the Southern Farm Network, provider of daily agricultural radio programming to the Carolinas since 1974. presents radio programs, interviews and news relevant to crop and livestock production and research throughout the mid-Atlantic agricultural community.