The wholesale price for US soybean surged by +12.61% YoY. The price stood at USD 0.61 USD on January 31, 2022, which was USD 0.54 per kg in the same period in 2021. High demand for US soybean in Mexico affected the price of US soybean to increase in January 2022. US export of soybean to Mexico also surpassed by 42% to USD 2.4B in the first eleven months of 2021.
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