USDA Report Supports Soybean Prices

June 13, 2016 03:52 PM
Soybeans Miss

The recent continuing strength in soybean prices could continue, based on USDA’s June report.

With global demand rising and South American crops shrinking due to weather woes, USDA lowered new-crop soybean ending stocks to 260 million bu. That comes as U.S. soybeans prices rose for nine weeks in a row, the longest bull run in 40 years.

Now American farmers are watching their weather, wondering if warmer forecasts could pose a threat to their soybean crops.

USDA’s June report left corn production estimates unchanged at 14.43 billions while estimating wheat supplies at a 29-year-high.

Soybeans Continue Run Upward

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Spell Check

Ron Karrels
New Holstein, WI
6/14/2016 01:46 PM

  Very informational.


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