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Why did soybeans skyrocket?
Affected by 1 and the epidemic in 2020, international food prices generally rose, and soybeans were no exception. In the futures market, soybean futures have been soaring at a high level, rising continuously in recent trading days, and even hitting the daily limit.

2. Under the current market trend, the increase of soybean price has become an established fact. This is mainly caused by speculators at home and abroad. Seeing that the epidemic affected domestic soybean imports and there was a shortage of soybeans, they deliberately pushed up the prices of agricultural products such as soybeans through the futures market and made huge profits from them.