There’s a “ticking bomb” waiting for the soybean market,” Scott Stiles told the Agricultural Council of Arkansas’ board of director meeting on May 19. The potential bomb is a forecast that would push the 2015 soybean acreage above the 84.6 million number contained in USDA’s March 31 Prospective Planting Report. A higher acreage would push soybean ending stocks higher and U.S. prices lower, possibly below the $9 mark.
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