date:Nov 08, 2012
howed yield estimates averaging 39.2 bushels per acre. Trade estimates of 2012-2013 ending stocks, which average 133 million bushels, just 3 million above USDAs October estimate, also reflect expectations for USDA to raise projected usage.
There is anticipation USDA may further raise projected U.S. exports as U.S. soybean export sales commitments are running 39.1% ahead of a year earlier, with USDA forecasting a 7% reduction in marketing year exports. Of course USDA may be cautious with further