NEWS
Getting to the Root of Residual
Katie Micik DTN Markets Editor
Mon Jul 21, 2014 11:52 AM CDT

OMAHA (DTN) -- USDA raised a simple question when it dropped the soybean residual to -69 million bushels in the July 11 supply and demand report: How do you create soybeans out of thin air?

The answer is anything but simple. It's a mixture of mathematics and the relationship between two USDA crop forecasting agencies.

July's phantom soybeans will be found when all is said and done in September. In fact, they've probably been there all along, several analysts said, and they anticipate USDA will increase 2013 production in the September Grain Stocks report.

The soybean market plunged to near-limit ...

Quick View
  • Crop Tech Corner In this week's Crop Tech Corner, researchers produce orange-colored corn with sight-saving capabi...
  • Strong Immunity Wins Two weeks after calving, cows lose body condition. But if she is short on nutrients, too, that dr...
  • Russ' Vintage Iron DTN staff reporter Russ Quinn takes a look at farm life nearly a century ago.
  • Klinefelter: By the Numbers Farm lenders should halt their petty rivalry and focus on agriculture's best interest: Our nation...
  • CWA Rule Pressure The Pennsylvania Department of Environmental Protection has asked the federal EPA to withdraw the...
  • GOP Picks Conaway as House Ag Chairman The House Republican Steering Committee on Tuesday selected Rep. Michael Conaway, R-Texas, as the...
  • Head Start A Pennsylvania teen has two years of a farm-to-fork business under his belt and is looking to exp...
  • Woodbury: Farm Family Business One of the world's wealthiest families measures success not in dollars but in authenticity.
  • Ask the Vet A warning about bull breeding soundness.
Related News Stories
Rookies at Risk - 2
USDA Weekly Crop Progress
USDA Weekly Crop Progress
USDA Reports Summary
USDA Reports Flash
GE Potato Gets USDA OK
USDA Reports Preview
USDA Weekly Crop Progress
USDA Weekly Crop Progress
USDA Reports Summary