date:Aug 22, 2012
mber 1stocks of old crop soybeans to be released on September 28 will provide for a better estimate of the needed decline. Based on the USDAs August forecasts, a reduction of 400 million bushels (12.7 percent) will be required. The pace of consumption, as revealed in weekly export reports and monthly reports of domestic crush, will be monitored to verify that the pace of consumption is slowing.
For the current marketing year, the USDA projects the domestic crush at 1.69 billion bushels, 2.55 pe