Economists say record soybean production puts pressure on soybean prices
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Last Update: 2001-09-27
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Source: Internet
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Author: User
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Introduction: Bill Tierney, an agricultural economist at Sussex State University, said recently that the U.S soybean production will reach a record based on the estimate of the U.S Department of agriculture, so the soybean price is likely to plummet On Friday, the U.S Department of Agriculture said U.S soybean production was 2.83 billion bushels Tierney said that the soybean production forecast was higher than the industry's expectation Due to record soybean production expectations in the United States and South America, the soybean price in November may be lower, and the target price may be at 4.50 USD / bushel But he said soybean prices in November would not fall to a contract low of $4.18 last April After a low harvest in October, Tierney expects that there is little chance of a significant rebound after harvest, as soybean production in South America is expected to record (author:) share to feed Weibo share to:
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