date:Aug 19, 2013
le about stockpiles and lead to further long-term price erosion.
He said the market is currently looking for continued benign weather that will allow the crop to finish maturing well and escape any early freeze damage so there would be a slow fade in price.
A strong level of export demand, particularly from China, will promote underlying support for soybeans in a range of $10.50@13 a bu in the short term, Mr. Harris said, compared to the U.S.D.A.s season-average farm-gate price of $10.35@12.35