Global reserves of soybeans are shrinking the most in 16 years as demand for food, feed and fuel rises, creating the biggest-ever exports for U.S. farmers.
Inventories at the start of the next season on Oct. 1 will be 20 percent lower than a year earlier, Jefferies Bache LLC predicts. Prices that rose 7.8 percent since Dec. 30 will gain another 7.5 percent to $14 a bushel by June, the New York-based commodities trader estimates………………………………………..Full Article: Source