date:Nov 07, 2012
value near 43.8 bUShels, the 2013 crop would be near 3.34 billion bUShels, 478 million larger than the current forecast of the 2012 crop. This expectation is reflected by the much lower futures price for the 2013-14 marketing year.
Deferred soybean futures prices are lower than nearby prices in anticipation of larger South American and US. crops in 2013, but it should be noted that those prices are still higher than the average prices received for the 2010 and 2011 crops. That is, there is som