date:Oct 01, 2012
start of the month, which also marks the change of marketing years for the oilseed, standing at 169m bushels.
While down 21% year on year, investors had expected a sharper drop, thanks to strong demand for the crop from both domestic and foreign investors, spurred by the dearth of alternative supplies following drought hits to South American crops at the start of this year.
However, the USDA said that its production last year had been underestimated, thanks to higher sowings than had been thou