La Nina In Brazil Could Impact Chinese Demand For US Soybeans

By Joana Colussi

Farm Policy News

Soybean prices rose recently on the Chicago Mercantile Exchange, driven by the delay in planting the Brazilian crop, among other factors. This situation should prolong Chinese demand for U.S. production and puts pressure on American stocks. Last Friday (October 23), soybean prices reached the highest level since January 2017 ($10.81 per bushel).