With prices at uncomfortbale lows, analysts are seeing an increase in demand for U.S. crops.
China has been a consistent buyer of U.S. soybeans lately, snagging up supplies at lower cost, and Mexico has also been in the mix, consistently buying U.S. corn.But there is concern around weather, and how soybeans in the Midwest will hold up with less moisture lately. It comes as farmers in Argentina prepare to convert around 5 million corn acres to soybeans, adding to already inflated global supplies.
Their jump in soybean acres is the largest leap since a million acre increase back in 2012.
