date:Jun 06, 2012
Farm Futures, an agricultural publication.
U.S. farmers have little room for error in producing large crops in 2012 to make up for the shortfall in soybean production in South America. Dry soils in parts of the Midwest are keeping recently planted crops from germinating.
Meanwhile, firm cash basis levels reflective of tightening soybean stockpiles added further support to underpin prices.
Cash basis offers continue to strengthen, with end users struggling to find supplies, said Mr. Suderman.