date:Aug 22, 2012
that total 392 million were sold to China and 154 million to unknown destinations. Including likely carryover sales from the current year, export commitments are likely near 675 million bushels, or 61 percent of the USDA projection for the year. Shipments of US soybeans are expected to be large in the first half of the marketing year, but demand during the last half of the year will be influenced by the size of the South American crop.
The USDA currently projects that South American soybean ac