New renewable fuel standards to drive US soybean demand

The new standards have spiked soybean prices, but costs should come back down if the weather holds, economist says.

Soybeans Dollars
BitsAndSplits | BigStock.com

Corn and soybean prices rose abruptly on June 13, but it wasn't the then-newly released World Agricultural Supply and Demand Estimates (WASDE) that triggered the price surge.

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