After falling mercilessly since the April peak at nearly $8.00, new crop soybeans received some welcome news that the USDA is projecting a smaller harvest than the market had been expecting, 2.877bn versus the average trade guess of 2.965bn bushels. Predictably, soybeans opened strongly, and closed up 30c for the day. But while soybean prices have had a rough spring and summer, does this 90m bushel revision lend enough fire power to turn around the negative attitudes toward soybeans, and the grains complex in general? This market report was released on August 20, 2004 . Read the full article and link Matt Roberts’ home page at http://aede.osu.edu/people/roberts.628/extension/GrainsNewsletters.htm