Soybeans price: reached $524 and accumulated a 47% year-on-year increase

Yesterday soybean’s international price closed at $524.4 on the Chicago market, thanks to a rise of almost $20 in the day, which managed to accumulate a year-on-year increase of 47% and revalue the foreign currency income of the soybean complex by more than $4 billion. Thanks to the rise in commodities, foreign currency income would be around $36 billion. Projections show that thanks to the increase in grain prices, the government will collect more than $2.4 billion than budgeted in taxes.

Source: Ámbito