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PRICES & SPENDING   •  Mar 2020  •  Volume 9 / Number 4

A historical look at soybean price increases: What happened since the year 2000?

A historical look at soybean price increases: What happened since the year 2000?

Data from the U.S. Bureau of Labor Statistics (BLS) Producer Price Index (PPI) program show an overall increase in soybean prices over the past 20 years. From January 1999 to December 2018, prices increased by 61.7 percent. This Beyond the Numbers article will focus on three periods (2003–04, 2006–08 and 2012–14) and examine the irregularities in the supply and demand for soybeans within each period. Each time frame includes various causes for the surge in the prices of soybeans.

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