How U.S. soybeans influence global economics
Publishing timestamp: 2023-10-12 07:00:01
Summary
Soybeans have become a significant contributor to the US economy, with their versatility in food, fuel, and animal feed. The US has seen a significant increase in soybean production and exports, but has lost dominance due to reliance on China as a single export market. Brazil has become the world's leading producer and exporter of soybeans. The US market is exploring alternative uses for soybeans, such as biofuels and bioplastics, to remain competitive.
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Source: https://www.cnbc.com/2023/10/12/how-us-soybeans-influence-global-economics-.html