date:Oct 12, 2012
come back in and buy them, said Sid Love, an analyst at Kropf Love Consulting, an Overland Park, Kan., agricultural-advisory firm. The name of the game is to cut demand by pushing prices higher, he said.
In its monthly crop report Thursday, the USDA estimated that farmers will harvest 2.86 billion bushels of soybeans this fall, up 9% from its estimate last month. The soybean crop would still be the nation's smallest in five years. Nearly 60% of the soybean crop has been harvested, the governme