date:Sep 17, 2012
e comments came as the USDA expanded on reasoning behind oilseed crop estimate revisions on Wednesday, when it cut its forecast for the domestic soybean crop by 58m bushels to 2.63m bushels, a bigger downgrade than investors had expected.
Despite crop improvement for the Mississippi Delta and south east regions this year, a calamitous drought in the west Corn Belt continues unabated, the USDA said.
However, the briefing failed to shed light on doubts over the department's methodology in its la