In November, the prices of soybeans and its by-products, meal and oil, reached their annual highs. However, in December, the prices of these products further increased, setting new record highs. Soybean oil prices saw the most significant increase, rising almost 15% in November and halving the growth dynamics in December. Soybeans and meal also saw price increases, with soybeans reaching over $ 12 per bushel and soybean meal over $ 400 per tonne. The price increases of soybean products have been ongoing for several months with the derivatives market strengthening its positions.