Soybean Overconsumption

January 7th, 2010 admin

Topics: food_crisis, MarketSkeptics, news_developments

Below are the numbers for soybean consumption in first four months of crop year for 2008/09 and 2009/10. Soybean Consumption in first four months of 2008/09 (Metric Tons) Crush Exports Combined September 3,276,153 481,268 3,757,421 October 3,902,693 4,658,425 8,561,118 November 3,794,428 4,387,222 8,181,650 December 3,668,363 3,974,350 7,642,713 Total 14,641,637 13,501,265 28,142,902 Soybean Consumption in first four months of 2009/10 (Metric Tons) Crush Exports Combined September 2,922,427 749,922 3,672,349 October 4,225,611 4,928,534 9,154,145 November 4,588,890 7,158,597 11,747,487 December 4,300,000 7,182,776 11,482,776 Total 16,036,928 20,019,829 36,056,757 = Guesstimate Graphic of Soybean Overconsumption Over half of the US soybean crop has been consumed in first four months of the 2009/10 crop year. (Note that even if the USDA’s bogus estimates were true, soybeans are still being overconsumed) What this means The soybean prices are going way up…

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Originally posted on MarketSkeptics

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