Soybean glut will continue

CHICAGO — Soybean farmers will produce more than the world needs for the fourth consecutive year, compounding a record surplus that has more than doubled since 2009.

U.S. farmers, the biggest producers and exporters, will finish planting the most acres ever during the next month, just as Brazil and Argentina wrap up a third record harvest.

World inventories may rise 5.8 per cent to 95 million metric tons before the 2016 harvest is in the bin, a Bloomberg survey of analysts shows.