Farmers are selling at record highs as the world’s largest agribusinesses pump more cash into the market amid the global commodity crash.
The global market for crops, including soybeans, corn and wheat, is in free fall, driven by supply shortages and the arrival of a record-low price for soybeans.
Farmers are also selling at an all-time high as a surge in soybean production in China and South Korea pushes prices for the crop higher.
The price for US soybeans is currently $1.29 a bushel, up from $1 a bushell a year ago, according to U.S. futures market data.
The Dow Jones Industrial Average has risen 16% this year.
China’s economy is expected to expand 1.2% in 2018, with growth projected to be faster than in 2017.
The Shanghai Composite Index is up 21% this month.