The impact of high soybean and corn prices on the global lysine market

Soybeans are expected to be difficult to obtain from within the United States this summer, and many buyers will have to import soybeans from South America. The price of this product certainly affects the pricing of other foods. According to Al Abbott Feed; The USDA reported on grain stocks on March 31. This is a quarterly report on current grain stocks as well as a survey-based estimate of 2021 planting targets. While corn prices have risen more than 70 percent since August last year, soybean prices are also in the range of profitability for farmers.