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US soybean yield to drop for fourth year in a row

Thursday, September 12, 2013   (0 Comments)
Posted by: Janice Kim
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Continued dry weather in the Midwest will leave the U.S. soybean yield at 39 bushels per acre, 3.6 bushels per acre below the U.S. Department of Agriculture forecast and the indication of a fourth successive year of declining yields that began in 2009, according to Chicago-based broker Allendale. The broker has pegged the total harvest at 2.98 billion bushels - 275 million bushels below the USDA estimate, and a drop of some 240 million bushels year on year…

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