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Economic
Research
Service
Situation and
Outlook
Report OCS-13k
Release Date
November 13, 2013 Oil Crops Outlook
Mark Ash mash@
U.S. Soybean Export Forecast Boosted by
Strong Sales, Improved Crop
USDA raised its U.S. soybean yield forecast for 2013/14 this month to 43 bushels per acre.
Oil Crops Chart Partly offset by a lower harvested area estimate, soybean production was forecast 109
Gallery will be million bushels higher this month to 3.258 billion. Improved soybean supplies and strong
updated on
sales commitments led USDA to raise its 2013/14 export forecast by 80 million bushels to
November 13,
2013 1.45 billion. Better export demand for soybean products also helped push up the soybean
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