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Soybean Meal price index
This post is a summary of the Soybean Meal price index developments since 2005 as per the IMF. The developments are expressed as an index and not in absolute terms. Therefore the Soybean Meal price index means that the values provided are relative to Jan 1 2019 which is defined as 1.00.
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Notes on the price-data
- We are continually improving our data collection and processing methods and data will be updated from time to time as we improve the accuracy
- We are working hard to upgrade the algorithm before April 1, 2023 and a further fine-tune by July 1, 2023
- This the index trend of the price of the product group in general and not a single specification in particular
- The data is presented in US$
- The chart shows the price trend, nearly always taken from many statistically-correlated sources