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 ...

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