20 



BULLETIjST 439^ U. S. DEPAETMENT OF AGEICULTURE, 



At these prices it was found that the African colonies were in a favor- 

 able position to compete with the bean growers in Manchuria. 



Moreover, it is evident that the farmer in America is able to compete 

 on the European and home markets both with the Manchurian and the 

 African bean at the prices prevailing during the last three or four years. 

 Although the cotton-oil mills in the United States estimate that the 

 soy bean can not be worked profitably at a much higher price than $1 

 per bushel, and then only when the price of cottonseed is higher, 

 available statistics (Table XII) show that the oil miUs in Europe have 

 been paying in many instances higher prices for soy beans than for 

 cottonseed. 



Although the selling price f . o. b. Manchurian ports ranges from 

 to $35 per ton, the transportation makes the price approximately 

 at American and European ports. If the American grower can raise 

 the beans profitably at SI per bushel of 60 pounds, the higher yields 

 of seed obtained in this country and planting and harvesting by 

 machinery should enable him to compete on the European market. 



Table XII. — Comparative prices -per ton of cottonseed and soy beans on the European 

 market, 1911 to 1914, inclusive. 





1911 



1912 



1913 



1914 



Country. 



Soy 

 beans. 



Cotton- 

 seed. 



Soy 

 beans. 



Cotton- 

 seed. 



Soy 

 beans. 



Cotton- 

 seed. 



Soy 

 beans. 



Cotton- 

 seed. 





$35.18 

 37.48 



S35. 86 

 38.78 



S40.42 

 41.37 



S37. 07 

 39.77 



$40.47 

 36.97 



$36. 76 

 40.37 



$40.57 

 37.40 



$33. 63 



Germany 











36.33 



37.32 



40.89 



38.42 



38.72 



38.56 













Note. — These figures represent the average price per ton as shown by the importations and valuations 

 of these crops in the Annual Statement of the Trade of the United Kingdom with Foreign Coimtries and 

 British Possessions and in the Statistik des Deutschen Reichs. 



The soy bean is already a crop of high value in American agriculture 

 and seems destined to be of far greater importance, especiaEy in the 

 cotton belt, not only as a cash crop but as an aid in maintaining the 

 fertility of the soil. With a mutual understanding of the possibilities 

 of the soy bean and its products, the industry should become a most 

 important one in conjunction with the cottonseed-oil industry. 



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