NEWS
Bean Demand Vacuum Loosening
Katie Micik DTN Markets Editor
Fri Nov 28, 2014 06:45 AM CST

OMAHA (DTN) -- A long, drawn-out harvest season slowed the restocking of U.S. soybean supplies, driving October rallies of 14% in soybeans and 38% in soybean meal, according to a recent report from Rabobank.

"We were so tight coming out of the 2013/14 crop that it created a big vacuum, especially with the late harvest," said Sterling Liddell, a grain and oilseed analyst with Rabobank's Food and Agribusiness Research and Advisory. "We saw a lot of scouring the countryside looking for beans to crush just to fill backorders on meal."

Pent-up demand will likely be filled by the end of ...

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