Managing for Profit

There are plenty of soybeans, but demand is high

Corn and soybean stocks on June 1^st were above year ago levels, but the numbers indicate good quarterly demand. Soybeans were reported at 625 million bushels, a 54 percent increase over last year, but still less than was expected, indicating good demand. DTN market analyst Todd Hultman says people will look at that headline and remark that it’s the highest soybean stocks figure in years for this time of the year.  He says, however, that the story is in the steep demand for soybeans.  The quarterly disappearance of 701 million bushels, is 19 percent larger than last year’s rate.

AUDIO: Todd Hultman (3 min. MP3)