The USDA’s latest report leaves the U.S. soybean supply and use outlook unchanged for 2024/25. However, the season-average soybean price has been lowered by 10 cents to $10.10 per bushel. Prices for soybean meal ($310 per short ton) and soybean oil (43 cents per pound) remain unchanged.
U.S. soybean prices are reduced 10 cents to $10.10 per bushel, with soybean meal and oil prices unchanged.
Global soybean production is lowered for Argentina and Paraguay, while Brazil's forecast remains 169.0 million tons.
Global soybean ending stocks fall 4.0 million tons to 124.3 million, driven by lower reserves in Argentina and Brazil.
Brazil’s crush volume is increasing due to strong biofuel demand and favorable crush margins. Lower soybean production in Paraguay is reducing both crush volumes and soybean meal exports.
Global soybean ending stocks are projected to drop by 4.0 million tons to 124.3 million, primarily due to reductions in Argentina and Brazil.
With shrinking global stocks and robust demand for soybean products, businesses should stay alert to price movements and potential supply chain disruptions.
The information provided in this market insight is for general informational purposes and should not be considered financial advice. It is not intended to offer any financial recommendations or endorsements. Any decisions made based on the content are the sole responsibility of the reader.
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