date:Oct 12, 2012
supplies will largely be exported, keeping domestic stockpiles of the oilseed tight.
The USDA also cut its forecasts for this year's corn harvest and for inventories of the grain.
The forecasts renewed concerns about tight supplies of the two commodities, after the worst U.S. drought in decades shriveled crops over the summer. That led speculative market participants to buy futures, sparking a price surge.
You had a lot of people dumping futures here the last couple of weeks, and they decided to