Short supply and in response price has risen dramatically

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Reference no: EM131003580

Facts: Partly because some major soy growers have switched to high-priced corn, and partly due to bad weather, world production of soy has been running well below worldwide sales for four years. Soy is now in relatively short supply and in response the price has risen dramatically.

Conclusion: World consumption of soy has been unusually high for four years.

Necessarily true

Probably, but not necessarily, true

Cannot be determined

Probably, but not necessarily, false

Necessarily false

Reference no: EM131003580

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