You are here

US on track for record soyabean crop year; China demand drains stockpiles

Friday, August 12, 2016 - 05:50

Chicago

US farmers just can't seem to grow enough soyabeans to satisfy China.

For the third year in a row, US production is expected to set a record, the best such string since 1979. Yet, with output dropping elsewhere, a flurry of demand from China and other importers is eating