Question
Consider the following excerpt from the Washington Post, from September 3rd, 2018, I have never seen a soybean crop this good, Peter J. Meyer told
Consider the following excerpt from the Washington Post, from September 3rd, 2018,
"I have never seen a soybean crop this good," Peter J. Meyer told me last week, shortly after he returned from a crop tour. For the first time in many years, farmers planted more soybeans than corn, he said, and yields have been exceptionally strong. Simultaneously, orders from China - by far the top foraging purchaser of U.S. soybeans - have plunged. When we spoke last week, Meyer said Chinese orders for the marketing year beginning Sept. 1 were less than half their level from the same time last year.
Given this, we would expect which of the following to happen with certainty?
A. The price of soybeans would rise
B. Revenues from soybean sales would rise
C. The price of soybeans will fall
D. The quantity of soybeans sold will fall
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