Soybean Prices Hit Record as Inflation Stays Hot
Soybean prices have soared some 30% this year to a record, a surge that promises further pain for consumers facing the most severe bout of food inflation in a decade. Their rising cost stands to ripple through stretched global food and fuel chains. Soybeans are fed to chickens and salmon, as well as pigs and cows, and crushed to make cooking oils and biofuels. Read more here.