date:Jan 03, 2014
.00 range in 2014-15.
Both South America and the US had large soybean crops in 2013, resulting in some moderation in prices. However, on-going strong soybean demand from China will prevent a sharp build-up in inventories and has kept prices at generally high levels. Another large South American harvest is expected in 2014.
A modest increase in acreage and a trend yield in the US would result in a record large US crop in 2014. If production unfolds as expected, inventories will expand during th