Reported about 9 hours ago
As the US soybean harvest begins, farmers are rushing to gather crops due to rapid drying conditions, yet they face a significant storage crisis with China, the primary buyer, not placing any shipments for this harvest. Many farmers are at risk of lacking space to store their soybeans, forcing them to sell at low prices or pile them outside. The current oversupply and slumping prices are leading growers to struggle amidst rising production costs, presenting a dire outlook for the season.
Source: YAHOO