The price of soybeans has fallen by around 15% in US dollar terms so far this year. However, the bigger picture is that the price has been in a downward trend since peaking close to 1,750 US cents per bushel in September 2012. In this Agricultural Commodities Watch we look at the current state of the world soybean market and the factors that have driven the price fall. We then discuss some of the key issues that we think will influence the short-term outlook for the price.
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