Soybean Outlook/Discussion Presented For The 2004 Midwest/Great Plains & Western Outlook Conference, Kansas City, Mo, August 16-17, 2004
We should expect 2004-05 soybean prices to be much lower than 2003-04, but near the historically average. On the other hand, while the numbers shown are my best analysis, I feel there is a lot of price risk in both directions as we go from now through the 2004-05 marketing year. While looking good now, the crop was planted late, and some disease problems are showing up. On the demand side, exports will be the key.
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