U.S. feedmakers hoard soybeans as supplies dwindle | Hellenic Shipping News Worldwide
U.S. feedmakers hoard soybeans as supplies dwindle Soaring global demand for soybeans forced U.S. animal feed makers to hoard supplies this fall due to the fierce competition for their main ingredient, with some even turning to floating storage on river barges to thwart sales to exporters. The renewed demand pushed soybean prices to a four-year high, a marked change for farmers who are looking at their best season in years as they also received record subsidies from the U.S. government and China resumed buying large volumes of crops after a bitter trade dispute. The diminishing supply base co...
Source: hellenicshippingnews.com