MARKETS NEWS
How High Could Soybeans Go?
Todd Hultman DTN Grains Analyst
Thu Dec 12, 2013 12:31 PM CST

With USDA now estimating U.S. ending soybean stocks at 150 million bushels for 2013-14, the stocks-to-use ratio is at 4.6%, the third lowest ratio in the past three decades. Knowing that tight supply of any commodity translates to higher prices, it's fair for producers to ask: just how high will soybeans go? That is a difficult riddle to solve, but I decided to give it a try. I looked at the highest closes for July soybean prices for each year from Jan. 1 to June 25 as far back as 1989-90. To compare prices over time, I divided the highest ...

Quick View
Related News Stories
DTN's Quick Takes
DTN Technically Speaking Blog
Under the Agridome
Railroad Delays Interrupt Field Work
Exporters Report Corn Sale
Newsom on the Market
DTN Closing Grain Comments
DTN Midday Livestock Comments
DTN Midday Grain Comments
Shaw: Under the Agridome