Oil Crops Outlook No. (OCS-12c) 18 pp

March 2012

Oil Crops Outlook: March 2012

Based on shrinking prospects for South American crops, USDA's forecast of the 2011/12-average soybean price received by U.S. farmers fell to $11.40-$12.60 per bushel from $11.10-$12.30 last month. Similarly, USDA raised its forecast of the season-average price for soybean meal to $310-$340 per short ton from $290-$320 last month.

Keywords: Soybean S&D, Soybean meal, soybean oil, cottonseed, cottonseed oil, peanuts, oilseed prices, vegetable meal prices

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