There appeared to be no trend in the size or direction of forecast errors over the study period. |
There was tremendous variability among services. |
This is contrary to the view that the markets are inefficient and provides substantial opportunities for farmers to gain additional profits through marketing. |
Those intentions are widespread geographically, with the exception of Minnesota and North Dakota, where intentions are unchanged and up 240,000 acres, respectively. |
With the growing season coming to an end, most observers believe that the South American crop will be record large, with more uncertainty about the Argentine crop than the Brazilian crop. U.S. soybean oil stocks at the end of the most recent reporting month--January 2006--were estimated at 2.477 billion pounds, nearly 60 percent larger than stocks of a year ago. Stocks were at the highest level since August 2002. |