date:Mar 19, 2013
e obtaining cash-market soybeans.
Additional N.O.P.A. data reported February soybean meal exports down to 766,000 tonnes, compared to 1.117 million tonnes in January. N.O.P.A. reduced February soy oil stocks to 2.79 billion lbs, down from 2.823 billion lbs in January.
In mid-morning trading March 18 at the Chicago Board of Trade, nearby soybean futures were down about 20c a bu.
Also contributing to bearish sentiment was Allendale Inc.s March 15 projection of record U.S. soybean plantings in 2