20 
BULLETIN 439, U. S. DEPARTMENT OF AGBICULTUBE. 
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 SI 
per bushel, and then only when the price of cottonseed is higher, 
available statistics (Table XII) show that the oil mills in Europe have 
been paying in many instances higher prices for soy beans than for 
cottonseed. 
x Although the selling price f . o. b. Manchurian ports ranges from S30 
to S35 per ton, the transportation makes the price approximately S40 
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 en the European 
market, 1911 to 1914, inclusive. 
1911 1912 
1913 
1914 
Country. 
Soy 
beans. 
Cotton- Soy Cotton- 
seed. 1 beans. | seed. 
Soy 
beans. 
Cotton- 
seed. 
Soy Cotton- 
beans. ! seed. 
United Kingdom 
Germany 
S35.18 
37.48 
$35. 86 $40. -12 S37. 07 
38. 78 41. 37 39. 77 
S40.47 
36.97 
S36. 76 
40.37 
$40. 57 $33. 63 
37.40 
37. 32 40. : 
38.42 ! 38.72 3$. 56 
Note. — These figures represent the a\erage price per ton as shown by the importations and valuations 
of these crops in the Annua Statement of the Trade of the United Kingdom with Foreign Countries and 
British Possessions aid in t^e 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, especially 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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