Implications of dollar devaluation, short supplies of competing high protein feeds and soybean exports to the Soviet Union for the U.S. soybean economy in 1972/73 are explored with an econometric model. Incremental impacts of these variables along with many factors affecting the U.S. soybean economy are identified and discussed. Ramifications of recent events are extended to the 1973/74 and 1977/78 crop years for soybeans. Conditional market forecasts shown for these years indicate the most likely course of events but alternative forecasts could be derived by altering the basic assumptions.
