Rainfall shortage drives oilseed prices up

Drought is affecting commodity markets. It is not only dry in Europe, but also in the United States and Asia. Partly because of this, the soy price is rising. The International Grains Council (IGC) price index for soybeans has been rising since early June. This stood at 251 points on 5 June (year 2000 = 100 points). The price index is a measure of soybean prices in the world. Soybeans condition lower than expected At the beginning of this week, 62% of the acreage of soybeans in the United Sta