Show by JJ 1 Predict Soybean Prices for 53 1952 The price of soybeans to farm farm- farmers farmers ers will likely average to a bushel during 53 1952 if U there is a free market in soybean meal and only a moderate amount of ot government operation in the cottonseed cot I oil market next year This is the prediction of T T. A. A Hieronymus mus soybean marketing specialist at the University of Illinois college of ot agriculture u ture Two seasonal peaks appear like ly The first from November to January will see soybean prices hit a II 3 05 to level The sec second end and from June to August may see prices reach to There is a fair possibility that heavy exports of soybean oil oU next summer will carry soybean prices to higher levels Because of the present distortion in soybean meal price and the government support program for cottonseed oil oU the seasonal low lout for tor soybeans may occur early in 1053 1953 rather than at soybean harvest this fall tall As in the pest past the price of ot soybeans will depend on the prices of ot oil oU and meal rather than on farmer holdings and speculation The apparent reason for this distortion dis ds tor has bas been the Inefficiency and ana confusion caused by soybean meal ceilings Meal has been held under ceilings while mixed feeds containing up to 89 90 per cent soy bean beam I meal have been allowed to sell eU at open market prices Because of the extreme uncertainty uncertainty of prices this year the wisest policy may be to sell seU some ome soybeans at harvest barvest or early winter and hold the rest for tor the late spring or summer market Ceiling prices price should not have bave much influence on farmer selling plans In the past these schemes have bave not had bad much permanence I I |