Source: Forrest Laws, FARM PROGRESS, 5/28/19


U.S. soybean ending stocks are expected to reach near-record levels for the second year in a row in the 2019-20 marketing year beginning this fall, according to forecasts by USDA agricultural economists. As a result, the economists are predicting a season-average price for soybeans of $8.10 per bushel for 2019-20, the lowest since the 2006-07 marketing year when the season-average price for the commodity was $6 per bushel.

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