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AgProfessional Magazine

AgProfessional magazine is a monthly magazine that provides editorial and advertising for agronomic and business management solutions specifically to agricultural retailers/distributors, professional farm managers and crop consultants.

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Market Commentary

Closing Comment 05/16


Soybean futures closed mixed on Wednesday. Spillover support from rising soybean meal futures helped to encourage soybean prices. U.S. export sales are expected to be down adding additional pressure to prices. Overall long term supply and demand fundamentals will support prices. The July contract is up 9 cents at $14.22, and the November contract is down 2 3/4 cents at $13.02 1/4.
Market Info
Home > Resource Centers > Soybean > Soybean stocks up 4 percent

Soybean stocks up 4 percent

USDA  |   January 12, 2012

According to the USDA's latest Grain Stocks report, soybeans stored in all positions on December 1, 2011 totaled 2.37 billion bushels, up 4 percent from December 1, 2010. Soybean stocks stored on farms totaled 1.14 billion bushels, up 4 percent from a year ago. Off-farm stocks, at 1.23 billion bushels, are up 3 percent from last December. Indicated disappearance for September - November 2011 totaled 905 million bushels, down 25 percent from the same period a year earlier.

 

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