Soybean crop increases in value by over $4.8 billion

Soybeans in the Chicago market reached their best value in six years yesterday to close at a record $441.5 per tonne, a price that immediately boosted the local crop by at least $4.8 billion. While the lack of rainfall complicates the progress of oilseed planting in Argentina, the rising prices on the international market more than offset the potential lower income of dollars before a very feasible cut in the 2021 harvest.

Source: Ámbito