A market analyst says last year’s US soybean crop is likely bigger than USDA’s current projection of over 3.552 billion bushels. Randy Mittelstaedt of RJO Market Insights, based in Chicago, shared his insights on Friday’s supply and demand report on a U.S. Soybean Export Council call,“That could have some modest implications on new crop yield ideas as well if last year’s crop performed better than what we originally thought.”
He says the slow pace of exports is a concern and new crop
export demand is the ONE driving factor and million-dollar question with China.
