A bushel of soybeans is currently trading at $9.5625 up from $9.3430 on December 27, 2019.
Brazil's high projected soybean production is expected to be curtailed by rising environmental concerns over the Amazon rainforest.
With the signing of the first-phase of the U.S.-China trade deal the price of soybeans is set to rise due to the Chinese demand factor.
The growth of soybeans has faced considerable differences in area, production (amounts) and yields from 2017 through to 2019. The global area (in million hectares) rose by 1.0 million hectares in the FY 2018/19