Soybean prices are down this year which affects South Dakota farmers’ profits

United Soybean Board / CC

The harvest is in high gear, but farmers are uncertain about profits. South Dakota Searchlight reports China has nearly stopped importing U.S soybeans. China has been the largest buyer in the past. As a result, soybean prices are down from last year’s 11-dollar per bushel range, dropping to the mid nine-dollar range.