date:Jun 09, 2013
The global soybean crop will total 286.597 million metric tons in the year beginning Sept. 1, bigger than the 282.703 million tons predicted May 3, Memphis, Tennessee-based researcher Informa Economics Inc. said in a report to clients yesterday. That compares with the USDAs forecast of a record 285.5 million tons. The USDA is scheduled to update its outlook on world crop supplies on June 12.
Prices are declining because traders are expecting the USDA to raise its estimate on global production i