date:May 13, 2013
n bushels in 2012, planted area at 77.1 million acres, down slightly, and harvested area at 76.2 million acres, up slightly, and yield at 44.5 bushels an acre, up 12 percent from 39.6 bushels an acre. The average price of soybeans in 2013-14 was projected to range from $9.50-11.50 a bushel, compared with $14.30 this year and $12.50 in 2011-12.
US total soybean supply in 2013-14 was projected at 3,530 million bushels, up 326 million bushels, or 10 percent, from 3,204 million bushels in 2012-13,