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Soybean meal likely to go higher
date:Jul 25, 2012
and from China likely would stay strong, regardless of prices, and the drought has staying power, even if it were to be mitigated somewhat by rain.
The U.S. Department of Agriculture released the latest Crop Progress report Monday showing that more of the soybean crop is rated very poor to poor (35%) than is classified good to excellent (31%). In the previous week, 34% was rated good to excellent and 30% was very poor to poor, the U.S.D.A. said.
Declining crop conditions have created a scenario

12/22 03:07