Spring Flooding Unclogs Soybean Backup

The historic spring flooding that prevented Midwest farmers from planting millions of acres of corn and soy will help to unclog the nation's soybean market this fall, bringing some much needed relief to the depressed market, reportsUPI.

With the trade war dragging on, economists predicted America's soy stockpile to grow even larger come fall harvest time, sending prices even lower.

But mother nature may have changed the equation -- at least a little.

According toUPI, the reduced supply is already pushing the soy price up by about $0.15 per bushel to $8.40, according to the USDA.