USDA reports higher prices for soybeans, supported by strong prices for corn and wheat
Global oilseed production for 2010/11 is projected at 440.6 million tons, up 0.9 million from last month. Global soybean production is projected at 254.9 million tons, up 1.2 million mainly due to a higher production forecast for the United States
Prices for soybeans are up, supported by strong prices for corn and wheat. The U.S. season average soybean price range for 2010/11 is projected at $9.15 to $10.65 per bushel, up 65 cents on both ends of the range. The soybean meal price is projected at $270 to $310 per short ton, up $20 on both ends of the range.
Global wheat supplies for 2010/11 are projected down 0.7 million tons as higher carryin mostly offsets a 2.7-million-ton reduction in
world output. Projected U.S. feed grain supplies for 2010/11 are lower this month with lower carryin and reduced production for
corn and sorghum.
World Agricultural Supply and Demand Estimates, 09.10.2010 [PDF]
World Agricultural Supply and Demand Estimates, 09.10.2010 [TXT]
World Agricultural Supply and Demand Estimates, 09.10.2010 [Excel]
World Agricultural Supply and Demand Estimates, 09.10.2010 [XML]
