No Major Changes to USDA Soybeans Supply and Demand Forecast USDA made only a few changes to its supply and demand forecasts for soybeans yesterday, and almost all were for the current marketing year. Among the changes USDA made yesterday were the following.
U.S. soybean exports for 2012/13 were reduced by 20 million bushels to 1.33 billion bushels to reflect very low sales and shipments in May and aggressive competition from Brazil. The forecast for U.S. soybean crush volume in 2012/13 was increased by 25 million bushels to 1.66 billion bushels based on strong export demand for soymeal. U.S. soybean imports this year were increased 5 million bushels to 25 million bushels. The forecast for U.S. soymeal exports in 2012/13 were incr...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
