China’s Insatiable Soybean Hunger Eats Into Record U.S. Crop

  • Production seen at all-time high of 3.95 billion bushels
  • Inventories still poised to decline for first time in years

Soybeans are harvested in Illinois. Soybeans are used to make everything from animal feed to cooking oil, soy sauce and tofu. Since 2005, China’s imports of the commodity have more than tripled, and it now buys more than 60 percent of the world’s exports.

Photographer: Daniel Acker/Bloomberg

U.S. farmers just can’t seem to grow enough soybeans to satisfy China.

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