Soybean Market Outlook.

The USDA crop acreage report will likely show more acres planted to soybeans than were projected by the March Prospective Plantings report. If that comes to pass as most market watchers predict look for prices to continue their march toward the $4.00 level. Current supply - demand balance sheets indicate a crop approaching the 3 billion bushel level compared to useage near 2.7 billion bushels. Add that 300 million bushel excess supply to beginning stocks of about 400 million bushels and that points to historically low prices. (George Shumaker)

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