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USDA forecasts more soybeans

2014-09-14 21:38:00| Corn & Soybean Digest

Freeze warnings have some worried but the sub-$10 per bushel soybean price is more of a concern for a huge crop expected to hit the bins this fall. USDAs Thursday forecast of 3.91 billion bushels surpassed the August projection of 3.81 billion. New-crop ending soybean stocks are projected at 475 million bushels. All those numbers helped keep downward pressure on soybean prices. read more

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