Industry Analysis & Industry Trends
The Soybean Farming industry experienced a volatile five years to 2016. Industry revenue grew immensely during the beginning of the period, lifted by skyrocketing oilseed prices. The rising demand for food from developing countries has supported industry exports, however the appreciating US dollar has kept exports steady. Meanwhile the rapid expansion of biofuel production spurred demand for soybeans at home. In addition, a surge in foreign inventory is responsible for the United States' declining share of global exports. During the next five years, soybeans are anticipated to maintain their position as the second-largest crop in the United States, behind corn... purchase to read more
Industry Report - Industry Analysis Chapter
Much of the Soybean Farming industry’s revenue growth over the past five years can be attributed to rising soybean prices. This trend is not unique to soybeans but is rather part of a general increase in the price of commodities, including minerals and metals. What appeared to be a one-time surge in 2007 has remained a market characteristic of this industry. Soybean prices have not dipped below $9.00 per bushel since 2008 and have stayed well above $11.00 per bushel since 2011.
Boom turns to bust
According to the US Department of Agriculture (USDA), sluggish growth in agricultural outputs in the previous decade combined with larger populations and incomes in developing countries set the stage for increased soybean prices... purchase to read more