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Soybeans Outlook With 1965 Harvest in Full Swing
Weekly crop and weather report shows a tight soybean situation easing as 1965 harvest begins. Aug 1 conditions put 1965 soybean crop at 864 million bushels, total supplies about 894 million, up 17 percent from 1964. Carryover for Sept 1 is forecast at 30 million, the smallest since 1955 except 1961, with prices near the 1965 support rate of 2.25. Division of production and exports suggest higher crushings and a possible rise in end-of-year carryover by Sept 1, 1966. Weather notes: rains across Iowa, cool fronts creating wide temperature swings. corn behind 1964. soybeans behind average maturity but generally good condition.
MENTIONED IN THIS ARTICLE
Iowa
Storm Lake
Britt
Castanas
Keokuk
West Central