US soybean meal production slightly increased in 2001 / 02
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Last Update: 2001-11-13
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Source: Internet
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Author: User
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Introduction: FWN Chicago news on November 9: following the increase in the expected value of crushing, the soybean meal production in 2001 / 02 in the United States slightly increased, to 39.839 million tons However, closing inventory was flat at 275000 tonnes due to changes in demand data that offset the increase in production The U.S Department of agriculture will cut its domestic consumption forecast by 100000 tons in 2001 / 02 to 32.35 million tons, and increase its export forecast by 250000 tons to 7.65 million tons The average farm price of soybean meal increased from $145 to $165 per short ton to $150 to $170 per short ton.
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