date:Jan 17, 2014
out $10 a bu during the window when South American supplies are widely available.
He said the direction of soybean meal exports is typically the same for domestic use of soybean meal, indicating higher usage overall for the animal feed. He predicted sales of soybean meal would reach a record high in 2014.
His forecast for U.S. prices of soybeans in the next few months is in the range of $12.50@$13.75 a bu. He said continuing firm prices will attract four to six million additional acres of dome