Soybeans Reach Nine Year Low

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The U.S. Department of Agriculture says soybean prices have reached a nine year low. The USDA Economic Research Service says prices have collapsed because of the combined pressure of favorable growing conditions, more acres, large old-crop stocks, and China’s tariff hike on imports. On June 1, cash soybean prices for central Illinois were $9.86 per bushel but, by early July, had plummeted to just more than $8.00. Prices have not dropped that low since December of 2008. Lowered export expectations, […]
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Soybeans Reach Nine Year Low

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