URBANA, Ill. – The USDA’s estimate of Dec. 1, 2014, stocks of U.S. soybeans was surprisingly small, according to University of Illinois agricultural economist Darrel Good. Based on the estimated size of the 2014 crop and estimates of exports and domestic crush during the previous quarter, the stocks estimate implied a record-large residual use of soybeans during the first quarter (September-November) of the 2014-15 marketing year.
The...
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