1. READ THIS ARTICLE:
2. THEN READ THIS ARTICLE:
Russia's soybean crop may rise to a record 1.88 million tons in the 2012-13 season, Oil World said. Soybean meal output was pegged at 1.84 million tons in the year that began Oct. 1, up 5.3 percent from a year earlier, while soybean meal imports are expected to decline 4.8 percent to 500,000 tons.
Russia produced 1.84 million tons of soybeans in 2012, and in the last 10 days one-half of the 2013 soybean crop has been ruined.
also, China lost 2 m hectares of crop land with the majority being soybeans,
big customers (China and Russia) will drive proices higher, - on top of all of that our own U.S. crop is worsening in yield,
I predict much much higher prices...