date:Nov 07, 2012
h American production at a record 5.449 billion bUShels, 1.212 billion larger than the 2012 harvest. That forecast will be updated monthly beginning on November 9. The larger production expectation is reflected by the lower price of soybean futures for the last half of the 2012-13 US. marketing year.
Beyond the current marketing year, the soybean market also anticipates a rebound in US. production in 2013. If acreage is maintained at the 2012 level and the US average yield rebounds to a trend