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Walt Breitinger: Farmers can benefit from soybean storage shortage

1:24 PM, May 17, 2013
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Soybeans shoot higher

Although U.S. farmers are expecting to harvest a large soybean crop this fall, the current supply of soybeans in storage is running low, lifting prices higher.

This week, July soybeans shot up 45 cents (+3.2 percent), reaching $14.47 per bushel on Friday morning. ...

Many farmers are holding onto their remaining soybeans, waiting for higher prices before they sell off the rest of last fall's crop, which is preventing soybeans from reaching end users like food processers, livestock feeders, and biodiesel producers.

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