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low supply.
• Soybean production was increased to 2.86 billion bushels as farmers harvest more acres and bring in better yields than had been expected earlier. Soybeans mature later in the growing season than corn and the plants withstood the drought better and some areas received rain in time to help the plants.
• Harvested area was increased to 75.7 million acres from 74.6 million acres the month before. The soybean yield is projected at 37.8 bushels per acre, up from the previous month's estimate of 35.3 bushels.
• Soybean supplies were increased 10 percent to 3.05 billion bushels.
• "It's still not going to be enough. It's going to be a very tight situation," Newsom said.
• Globally soybean demand remains high while supplies are inadequate to meet the level of demand, which likely will keep prices up.
• Soybeans for November delivery hit a record high $17.89 in early September but settled down in recent weeks and were trading at $15.48 a bushel.
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10 Things to Know for Today
The Associated Press
• Your daily look at late-breaking news, upcoming events and the stories that will be talked about today:
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• 1. EUROPEAN UNION WINS NOBEL PEACE PRIZE
• In the midst of its greatest crisis since its beginnings in the 1950s, the committee cited the EU's record on peace, democracy and human rights.
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• 2. WHERE THE CANDIDATES ARE TODAY
• After last night's spirited vice presidential debate, all four candidates hit the road -- from Richmond, Va., to La Crosse, Wis. -- to amplify their messages.
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• 3 RYAN ASKED FOR FEDERAL HELP AS HE CHAMPIONED CUTS
• AP's Jack Gillum reports that the vice presidential candidate asked for federal programs as he pushed for smaller government with Romney.
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• 4. U.S. AFFIRMS IRANIAN CYBERATTACK
• A former U.S. government official says the computer-based assaults against oil and gas companies in the Persian Gulf were in retaliation for U.S. sanctions against (Continued on page 22)
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