date:Aug 22, 2012
es are currently more than one-third higher than the low established in early June, about $1.35 higher than the low of July 25, and only about $0.20 below the contract high of July 23. Most of the price increase since early June has been led by soybean meal prices. US soybean oil stocks will be used to support oil consumption during the year ahead, but soybean meal consumption will have to be reduced substantially.
There is some expectation that more favorable weather in August in some areas wi