By Forrest Laws
Farm Progress
Soybean prices have been mostly higher in recent months thanks to shorter 2020-2021 crops in the United States, Argentina and Brazil, higher demand for soy oil for biodiesel and an increase in shipments to China.
But, as farmers know too well, some of those demand factors and higher prices could be changing as soybean planting gets underway in Brazil and Argentina amid reports of more favorable weather conditions than those regions enjoyed a year ago.