U.S. Soybean production reaches low levels

September 18, 2012 12:56:13 AM PDT
This year's soybean production is expected to reach the lowest level in nearly a decade.

A new U.S. Department of Agriculture forecast shows soybean crop production is down by 14-percent compared to last year. That's twice the cut traders expected.

Ag officials say domestic soybean production will drop to 2.6 billion bushels this year, making it the smallest crop in nine years.