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During World War II the price of all commodities worldwide skyrocketed. The most important factor in the soybean’s early rise to prominence was the shortage of fats and oils that was created by World War II and the need for renewable domestic alternatives.
Although it was originally feared that after World War II the demand for the soybean would drop dramatically, these fears proved to be unfounded. In fact, not only did production and demand for the soybean remain, but also with the virtual disappearance of soybean production in the major soybean-producing region of Manchuria, demand and subsequent production of the soybean actually increased -substantially...
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