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USDA Could Raise Soybean Output and Usage
date:Nov 08, 2012
The soybean market is anticipating that USDA will further raise its projection of the 2012 U.S. crop due to better-than-expected yields when it releases its November Crop Production Report on Friday.

Friday and Monday declines in soybean futures were largely in response to a pair of bearish private production estimates that were up 65 million and 99 million bushels respectively from USDAs October forecast of 2.860 billion bushels. Those private estimates pegged the U.S. soybean yield at 38.6 b

12/23 11:14