September 12, 2003

 

 

Soybean Rationing Needed After Bullish USDA Data; Prices Expected to Rise

 

The surprisingly bullish data on U.S. 2003-04 soybean production in Thursday's U.S. Department of Agriculture report is a signal that the U.S. will need to ration soybean demand.

 

In November, soybean prices could reach $6.25 to $6.50, according to the Data.

 

Source: USDA