date:May 15, 2012
There aren't a ton of soybeans out there, either in the pipeline or in the ground, and that should fuel some upward momentum for the bean trade, says Purdue economist Chris Hurt. As a result of this supply situation -- brought on by both poor growing conditions in South America and the demand push for more corn in the U.S. -- there's opportunity in soybeans right now.
The first change is the size of the South American crops, where expected corn production increased and expected soybean produc