date:Jan 08, 2014
American soybean production by 2-3m tonnes.
It will be difficult for the soybean market to mount a sustained rally with a potentially record 2014 soy crop looming in the backdrop.
And, indeed, soybeans for March were 0.6% lower at $12.68 ? a bushel in Chicago.
'Finally finding a bid'
Soymeal dropped 0.4% to $412.30 a short ton despite some easing concerns over domestic competition, as a protein feed ingredient, from distillers' grains (DDGs), after Chinese rejection of these too.
DDG price