CROPS NEWS
IGC Revises 2012-13 Soybean Output
Fri Nov 30, 2012 03:51 PM CST

(Dow Jones) -- The London-based International Grains Council Friday revised up its forecast for global soybean output in the current marketing year due to higher-than-expected yields in the U.S. and an expected record crop in South America.

Global soybean output is forecast to rise 12% to 267 million tons in the 2012-13 marketing year that began Oct. 1, the council said in a report. The council revised up its forecast for this marketing year by 3 million tons.

Soybean futures on the Chicago Board of Trade hit a record in September due to successive droughts in South America and the ...

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