date:Nov 14, 2012
lassic pattern associated with small crops -peaking early in the marketing year and then declining as the year progresses.
The futures market reflects expectations that prices will continue to decline, especially into the 2013-14 marketing year. The expected rebound in South American soybean production, Argentine corn production, and US corn and soybean production in 2013 all contribute to the expectation of lower prices. If those crops are as large as generally expected, prices will be even lo