Soybeans have become a cornerstone of American agriculture, contributing $124 billion to the U.S. economy in 2022, according to a study conducted by the National Oilseed Processors Association and the United Soybean Board.
“Soybeans’ contribution to the U.S. economy is only increasing day by day,” Himanshu Gupta, CEO and co-founder of ClimateAI, told CNBC.
The legume is hailed as a versatile crop used in food, fuel and animal feed worldwide.
“Soybeans are kind of that wonder crop that has amazing capabilities” Arlan Suderman, chief commodities economist at StoneX, told CNBC.
Source : CNBC