Legal News

U.S. Soybean Supply “Near Critically Low”
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Soy stockpiles in the U.S., where farmers harvested the third-largest crop ever just six months ago, according to Bloomberg News, are the lowest that they have been in at least five decades.

The grain department manager at the Ursa, Illinois-based terminal owner, Scott Meyer, said that “Our soybean supplies will be empty by the end of April.” According to Scott Meyer “Chinese demand for soybeans was a lot stronger than everyone expected this year.” Bloomberg Business week has reported that the U.S soybean supply is “near critically low.” The director of research for R.J. O’Brien & Associates in Chicago, Randy Mittelstaedt, said that “Chinese demand for U.S. beans was so strong, so early that it simply depleted supply.”

  
What
Where


The soybean is native to East Asia, and is widely grown for its edible bean which has numerous uses. Soybeans produce significantly more protein per acre than most other uses of land. Raw soybeans, including the immature green form, are toxic to humans, swine, chickens, and in fact, all monogastric animals. The central government of China will scrap its cotton and soybean stockpiling programs in 2014 and try direct subsidies to farmers instead, according to The Brock Report. According to Rabobank International, U.S. farmers are preparing to sow a record crop in 2014. The main producers of soy are the United States (35%), Brazil (27%), Argentina (19%), China (6%) and India (4%).

Image credit: www.theinformationcompany.net

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!






 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Mid-level Litigation Associate Attorney

USA-MD-Baltimore

Baltimore office of our client seeks mid-level litigation associate attorney with 3+ years of experi...

Apply Now

Litigation Associate Attorney

USA-SC-Columbia

Columbia office is seeking a commercial litigation attorney with 2-4 years of experience.

Apply Now

Junior Employment Litigation Attorney

USA-CA-San Francisco

San Francisco office is seeking an attorney with 2-3 years of employment litigation, class action or...

Apply Now

Estate Planning Associate Attorney

USA-CO-Longmont

Longmont office of our client seeks associate attorney with estate planning, elder law, probate expe...

Apply Now

RELEVANT JOBS

Paralegal / Legal Assistant

USA-FL-Lakeland

Hardin & Ball, P.A. represents individuals and businesses in matters of real estate, constructi...

Apply now

Healthcare Associate

USA-CA-San Francisco

Kessenick Gamma & Free, LLP, a boutique healthcare firm in San Francisco, is seeking an associate wi...

Apply now

Litigation Attorney

USA-NJ-Cherry Hill

SHIMBERG & FRIEL, P.C., a Cherry Hill defense litigation firm with regional practice, seeks FT assoc...

Apply now

Attorney

USA-WA-Seattle

We are looking for a motivated attorney with the ability to think creatively about real estate and c...

Apply now

SEARCH IN ARCHIVE

To Top