U.S. soybean futures pushed to their highest point in over a year during the overnight session Tuesday morning, before a downturn during the day trading session. Reuters says futures rose as crop damage in Argentina and fund buying pushed prices higher. Argentina lost nine million tons of soybeans in April storms that swamped part of the nation’s farm belt. An analyst with the Argentina state weather agency is now forecasting a 15 to 16 percent drop in production in Argentina, the world’s third-largest soybean exporter. The sun has come out too late to help the hardest-hit areas in Argentina. Importers such as China are now said to be looking at the United States to make up for the drop in Argentina supplies.