Why Are Soybean Prices Going Up?
Why Are Soybean Prices Going Up? Prices Continue to Soar China bought the majority of the 2019/20 Brazilian soybean crop, forcing ending stocks (January 31, 2021 basis) below 2 million tons for the first time in nearly 20 years. Tight supplies have driven global prices upward and put immense pressure on the upcoming 2020/21 U.S.