Soybean Prices Rise on Forecast for Tighter Supply

Tuesday, February 14th, 2012

Monday because of speculation that global supplies will become tighter as demand grows more robust.

Soybeans for March delivery increased 23 cents, or nearly 2 percent, to $12.52 per bushel, the highest ending price since mid-October.

The U.S. Agriculture Department predicted in a long-term forecast that soybean stockpiles will decline 9.3 percent by the end of August and then increase 7.2 percent by August 2013.

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