date:Jul 25, 2012
growing areas, along with renewed concerns about European financial conditions, resulted in some modest price weakness during the session on July 23. As indicated last week, the window of time for expecting a peak in soybean prices extends from now through November, with a peak by September appearing most likely. Based on our yield expectations, it does not appear that prices are yet high enough to trigger the necessary decline in consumption. However, with considerable production and demand unc