What's a Soybean Worth?

Industry Considering Composition-Based Pricing System

Tom Malecha, vice president of CHS's processing and food ingredients divisions, says farmers may one day use near-infrared spectroscopy machines to test the composition of their soybeans before being sold. (Progressive Farmer photo Courtesy CHS, David Lundquist)
Can a soybean pricing system more clearly based on the value of protein and oil become the norm for U.S. farmers?

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