- Soybeans Slump on Outlook for Bumper Crop; Wheat Declines
by Megan Durisin Sep 16, 2014 8:21 PM GMT+0100
Soybean futures declined on mounting speculation that a bumper crop in the U.S., the world’s largest grower, will overwhelm demand. Wheat dropped to the lowest since 2010, and corn rose.
Soybean prices tumbled 24 percent this year. The Department of Agriculture has forecast output of the oilseed crop at an all-time high of 3.913 billion bushels, up 19 percent from last year. Corn production was projected at a record 14.395 billion bushels, up 3.4 percent.
Read more HERE.
by Megan Durisin Sep 16, 2014 8:21 PM GMT+0100
Soybean futures declined on mounting speculation that a bumper crop in the U.S., the world’s largest grower, will overwhelm demand. Wheat dropped to the lowest since 2010, and corn rose.
Soybean prices tumbled 24 percent this year. The Department of Agriculture has forecast output of the oilseed crop at an all-time high of 3.913 billion bushels, up 19 percent from last year. Corn production was projected at a record 14.395 billion bushels, up 3.4 percent.
Read more HERE.
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