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Rationing the 2012 US Soybean Crop
date:Aug 22, 2012
cast of 145 million.

For the 2012-13 marketing year, the USDA projects a 175 million bushel reduction in the domestic crush, to a 16 year low of 1.515 billion bushels. The magnitude of the decline would be larger if this years crush exceeds the current projection. Exports of US soybeans are expected to decline by 240 million bushels, to a 7 year low of 1.11 billion bushels. As of August 9, the USDA reported cumulative sales of 597 million bushels for export during the 2012-13 marketing year. Of

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