date:Jan 16, 2013
r of the marketing year.
The projection of marketing year exports was unchanged at 1.345 billion bushels, reflecting the continuing expectations of a record South American crop in 2013, a larger domestic crush needed to meet export demand for meal and oil, and limited supplies of US soybeans. Year-ending stocks are projected at 135 million bushels, up only 5 million from last months projection, and the marketing year average farm price is projected in a range of $13.50 to $15.00. Based on the