US Soybean Farmers Make Least Profit Among Exporters, But Will Plant a Record Area to the Crop This Year
Bottom Line: Market forces are pushing US farmers to plant a record area to soybeans. This development is somewhat surprising as US farmers, on average, make far less profit growing soybeans than do farmers in other soybean exporting countries (e.g. Argentina and Brazil). The main reason for record US soybean area this year is because…