AGRIBUSINESS: Possible Soybean Shortage

USDA says the soybean supplies will be short by the end of summer – too short, unless

the pace of domestic crushings slows.  Minimum soybean levels, called pipeline levels,

are normally five percent of projected annual usage.  For soybeans this market year,

pipeline levels could be as low as four percent, or one hundred twenty-five million bushels.

September’s grain stocks report from USDA will put a number on leftover bushels, and

some leftover is expected because market prices for what is left will skyrocket until

harvest arrives.

Uncertainty persists on new crop beans – as an August crop, their yield is determined

mainly by late summer weather.

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