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Oil Crops Outlook: March 2012

  • by Mark Ash
  • 3/12/2012
  • OCS-12c

Overview

Based on shrinking prospects for South American crops, USDA's forecast of the 2011/12-average soybean price received by U.S. farmers fell to $11.40-$12.60 per bushel from $11.10-$12.30 last month. Similarly, USDA raised its forecast of the season-average price for soybean meal to $310-$340 per short ton from $290-$320 last month.

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