12.11.2008 - Soybean production estimates reduced
From Biodieselmagazine.com: The November USDA World Agriculture Supply and Demand Estimate projects the national average soybean yield at 39.3 bushels per acre – producing 2.92 billion bushels of soybeans. That figure is down 17 million bushels from the previous month’s corrected estimates. The soybean crush is reduced 15 million bushels to 1.74 billion bushels due to lower values for soybean oil and soybean meal. Projections for soy oil use for methyl ester were unchanged from the previous month at 3.1 billion pounds..... Full Article: Source
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