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Soy Farmers Grow More Than Chinese Hogs Can Eat Amid Glut

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Soybean farmers will produce more than the world needs for the fourth consecutive year, compounding a record surplus that has more than doubled since 2009.

U.S. farmers, the biggest producers and exporters, will finish planting the most acres ever during the next month, just as Brazil and Argentina wrap up a third record harvest. American producers shifted land away from corn, which is more expensive to grow, judging that soybeans will offer better returns even with prices down 34 percent in the past year.