NEWS
Swimming in Soybeans
Alan Brugler DTN Contributing Analyst
Fri May 10, 2013 05:54 PM CDT

Probably the most bearish and unexpected number in this morning's USDA Supply and Demand report was the projection that world soybean ending stocks in August 2014 would total a record 74.96 million metric tons. That is a 20% increase from this year's 62.46 mmt and represents a global stocks-to-use ratio of 27.7%. The current season stocks-to-use is projected to be 24.1%. Such a high stocks-to-use ratio has a negative impact on prices, with USDA showing a preliminary range for the U.S. cash average price in 2013/14 at $9.50-$11.50. The midpoint of $10.50 per bushel is a long way down from ...

Quick View
  • The New Dicamba At an event exhibiting the company's soon-to-arrive Dicamba-tolerant soybean trait, Monsanto repr...
  • Rates Too Low Too Long Discounted interest rates have led to unintended consequences in land values, a shortage of funds...
  • Center Pivots Take a Beating Severe storms in mid-June have damaged hundreds of center pivot irrigation systems in Nebraska al...
  • "Easy Money Times Over" Feeding the world population won't be as hard as expected over the next decade some experts forec...
  • A Hunger for High-Tech The Gruhlkey brothers of Wildorado, Texas, are using technology and thoughtful cropping choices t...
  • Clearing the Air EPA Administrator Gina McCarthy told a group of agribusiness representatives that her agency want...
  • No More Outlaw Vets Veterinarians can start breathing a little easier now when they go to work, without the fear that...
  • Ask the Vet My vet diagnosed anaplaz and I've never heard of that.
Related News Stories
Getting to the Root of Residual
USDA Weekly Crop Progress
USDA Reports Summary
USDA Report Flash
USDA Reports Preview
USDA Weekly Crop Progress
Farming on the Mother Road - 2
View From the Cab
Newsom on the Market
USDA Weekly Crop Progress