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
  • Crop Tech Corner In this week's Crop Tech Corner, researchers produce orange-colored corn with sight-saving capabi...
  • Year-Round Cow Kelly Smith believes fetal programming through good nutrition for dams yields better steers and h...
  • Russ' Vintage Iron DTN staff reporter Russ Quinn takes a look at farm life nearly a century ago.
  • Cash Will Be King Years of $6-and-up corn couldn't last forever. Some proactive grain farmers are bolstering their ...
  • CWA Rule Pressure The Pennsylvania Department of Environmental Protection has asked the federal EPA to withdraw the...
  • COOL Appeal Likely in 2015 Agriculture Secretary Tom Vilsack said the U.S. might not file an appeal of the country-of-origin...
  • Ask the Taxman by Andy Biebl Readers ask if they can offset futures losses against cattle income, roll hedges forward tax-free...
  • Ranch Hands Two families take different approaches to building income from trail rides, roundups and real-lif...
  • Ask the Vet Why isn't my flea and tick control for dogs working?
Related News Stories
USDA Weekly Crop Progress
USDA Weekly Crop Progress
USDA Reports Summary
USDA Report Flash
USDA Weekly Crop Progress
USDA Reports Summary
USDA Reports Summary
USDA Report Flash
USDA Weekly Crop Progress
USDA Reports Preview