Record-breaking soybeans: over $463.4 in the Chicago market

The soybean price closed at $463.4 per ton on the Chicago market. The Buenos Aires Grain Exchange announced that the 2020/21 cycle’s local soybean area could be less than the 17.2 million hectares it estimated weeks ago due to the drought. According to the most conservative projections, the total 2021 crop, including soybeans, corn and wheat, would contribute over $31 billion in foreign exchange, if prices continue to rise, the entire campaign could be revalued by up to $39 billion.

Source: Ámbito