Soybean to obtain higher prices, US government reports

- Last updated on GMT

Related tags: Agriculture, Federal government of the united states

Dry, hot weather in August is cutting into this autumn's harvest in
parts of the U.S.A but will help provide a small boost to the
prices farmers are paid...

Dry, hot weather in August is cutting into this autumn's harvest in parts of the U.S.A but will help provide a small boost to the prices farmers are paid for some commodities, the US government announced yesterday. The Agriculture Department said it expected soybean prices to average about $4.75 this year, up 40 cents from its August forecast, and 10 cents higher than last year's average. The department lowered its forecast of the soybean crop to 2.9 billion bushels, 3 percent below the forecast a month ago, but which is still 10 percent larger than last year's crop. Drought is expected to reduce yields in a few states.

Related topics: Science

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