date:Nov 13, 2012
n to 2.971 billion bushels and pushed projected year-end stocks to 140 million bushels, just 7 million higher than last year.
The soybean crop figures were more of a surprise and resulted in much larger price moves on Friday. 2012-crop soybean futures were 31 to 47-1/4 cents per bushel lower on Friday and are trading another 16 to 24 cents per bushels lower on electronic markets this morning. Bean meal futures fell by $7.20 to $13.80 per ton on Friday and are another $4.80 to$7.70 lower this m