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Soybean Prices at Highest Mark Since 2014

Crop yields, coronavirus lead to more than $14/bushel since February

Soy soybeans VIA Pixabay MARCH 2021

Soybean prices are at their highest point since 2014, with a perfect storm of elements causing the spike, reports NWestIowa.com.

Crop yields themselves — as well as situations overseas and the coronavirus pandemic — all contribute to the commodity being valued at more than $14/bushel since late February.

The uptick ends a six-year period where the price barely went over $11 and hit its lowest point last spring when it went under $8.30.

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