date:Apr 11, 2013
was projected at 3,080 million bus, unchanged from March but down 75 million bus, or 2%, from 3,155 million bus in 2011-12.
Residual use is reduced based on indications from the March 28 grain Stocks report, the U.S.D.A. said. The increase in projected crush reflects strong soybean meal exports through the first half of the marketing year.
The average price paid to farmers for soybeans in 2012-13 was projected to range from $13.80@14.80 a bu, unchanged from March but well above the $12.50 a bu