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 Researchers have developed GE wheat that yields far better under hot conditions, a wheat gene is ...
  • The Attraction of Youth Combine genotyping with a yearling bull, or even a weanling, and you're less likely to make a poo...
  • Kubota Steps Up A new mid-range, high-horsepower M7 tractor moves this company into the row-crop arena.
  • SCO Sticker Shock Costs and potential disconnect with county yields make the Supplemental Coverage Option a hard se...
  • Clean Water Goes a Long Way Cleaning up 900 feet of a small creek in Kentucky brings rebirth to water once choked with sedime...
  • Beef Checkoff Effort Resumes Members of the eight organizations comprising the Beef Checkoff Enhancement Working Group were se...
  • Ag and Environment Outlook Agriculture continues to watch how the U.S. Environmental Protection Agency implements the propos...
  • Surgery on Plastics Dharma Kodali's goal is to insert soybean oil in the basic ingredient list for PVC plastics.
  • Ask the Vet How should I treat a cow with a swelling on her flank?
Related News Stories
New Standards Target Poultry Pathogens
USDA Reports Flash
USDA Reports Summary
Avian Flu Confirmed in Wash. Wild Birds
USDA Reports Summary
USDA Reports Flash
USDA Reports Preview
Inspections Bullish for Corn
Rookies at Risk - 2
USDA Weekly Crop Progress