date:Aug 15, 2012
July and $6.20@6.30 in 2011-12.
U.S. 2012 soybean production, also the first survey-based estimate of the year, was forecast at 2,692 million bus, down 358 million bus, or 12%, from 3,050 million bus in July and down 364 million bus, or 12% from 3,056 million bus in 2011. Total supply in 2012-13 was projected at 2,857 million bus, down 378 million bus, or 12%, from 3,235 million bus in July and down 429 million bus, or 13%, from 3,286 million bus in 2011-12.
Total use of soybeans in 2012-13 was