Soybean Prices Under Pressure

Stalcup, Larry
May 2013
Corn & Soybean Digest Exclusive Insight;5/15/2013, p1
The article reports that the U.S. Department of Agriculture (USDA) has forecast that average soybean commodity prices in 2013-2014 would fall between 9.50 to 11.50 U.S. dollars per bushel, down from 14.30 U.S. dollars in 2012-2013. It elaborates that according to the May 2013 World Agriculture Supply and Demand Estimates (WASDE) report, the national average soybean yield is projected to be 44.5 bushels per acre, while soybean supplies are expected to go up by 10% from 2012-2013 levels.


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