date:Feb 20, 2013
Those high prices were generated by a combination of a droughtreduced harvest in South America earlier in the year, drought conditions in much of the US production region, and on-going strong Chinese demand for soybeans. Prices declined by about $2.00 per bushel in September and October as the US crop turned out to be larger than expected.
For the past four months, March 2013 futures have traded between about $13.50 and $15 and are currently near the midpoint of that range. Prices have receive