date:Feb 20, 2013
d underlying support from the rapid pace of both exports and domestic crush, but have experienced wide swings based on changing expectations for the size of the South American crop. During the same time period, November 2013 futures traded between about $12.60 and $13.60 and are currently at the bottom of that trading range. Recent price weakness in both old and new crop futures reflects current expectations that the 2013 South American crop will be record large and will increasingly replace US