date:Aug 22, 2012
However, that draw down in stocks in combination with the much larger harvest expected in 2013 suggests that the pace of consumption of South American soybeans will not have to slow. In contrast, the small US harvest this year will require a substantial reduction in consumption over the next year.
The magnitude of the year-over-year reduction in consumption of US soybeans that will be required is not yet known. The new production forecast to be released on September 12 and the estimate of Septe