Date: August, 2005
Abstract: At the beginning of the 2005 crop year (CY), the forecast for soybean prices was quite negative. The United States (U.S.) had just harvested its largest soybean crop ever, world stocks were forecast to increase to more than 25 percent of global consumption, and Brazil had increased soybean planted acreage by 6 percent.
However, a combination of factors twisted the soybean market and, contrary to most forecasts made at the end of 2004, soybean prices have appreciated since the beginni...
Research Type: Ag Focus