In an article for the Financial Times, Joe Glauber mentioned that world demand of soyabeans has been “phenomenal” in large part to dietary changes in China and Thailand. Glauber emphasized that China imports three-fifths of the world’s internationally traded soyabeans, and that domestic cultivation of soyabeans is used primarily for food such as tofu as opposed to much of the imported soyabeans used for animal feed.
Production of Soyabeans in the US Set to Hit Record Highs (Financial Times)
March 31, 2017