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Fats and Oils Situation, Vol. 257: April 1971 (Classic Reprint): April 1971 (Classic Reprint)

Fats and Oils Situation, Vol. 257: April 1971 (Classic Reprint): April 1971 (Classic Reprint)

          
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About the Book

Excerpt from Fats and Oils Situation, Vol. 257: April 1971

A smaller soybean supply is in prospect for the marketing year beginning September 1. A sharply reduced carryover next September should more than offset the production gains implied in farmers' planting intentions.

Farmers will plant _a record million acres to soybeans this year - based on their March 1 intentions million more than in 1970. If yields per 'acre are on trend, production would total around million bushels, about a tenth more than in 197 0. With a carryover next September 1 of around 75 million bushels, soybean supplies would be just over billion bushels. The 197 1 supply, at million bushels, was 6% below the previous year.

Thus, soybean demands in 2 will have to be met from 1971 crop production, pointing to continued high prices. Of course, the demand and price for soybeans next season will also be influenced by world availabilities of competitive oilseeds and high-protein feeds.

U.s. Farmers' planting decisions will be influenced by weather, soybean and corn prices, and supplies of blight-tolerant seed corn. Some further acreage shift to soybeans seems probable this spring in view of prospects for strong soybean prices.

Declining soybean supplies and increased demand have boosted farm prices more than 20% above. Last season. Farmers' prices advanced from per bushel in September 197 0 to in February'1971, averaging 50 cents above the same months of Prices will continue sharply above the spring and summer levels of 1970.

Soybean utilization during the current marketing year is estimated at billion bushels, slightly above and about 14% greater than the 197 0 crop. The crush and export movement so far in 197 is about in line with expectations.

About the Publisher

Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com

This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.


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Product Details
  • ISBN-13: 9780428583002
  • Publisher: Forgotten Books
  • Publisher Imprint: Forgotten Books
  • Language: English
  • ISBN-10: 0428583008
  • Publisher Date: 29 Apr 2018
  • Binding: Hardback


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