Soybean planting in the United States is expected to rise to 88.6 million acres for the 2023-24 season, up from 87.5 million acres the previous year, according to a Reuters poll. This shift is projected to boost soybean production to 4.510 billion bushels, a increase from 4.276 billion bushels, with stock levels rising to 290 million bushels by the end of the season. The average price of soybeans is anticipated to rise to $12.90/bushel, and domestic processing is expected to reach 2.310 billion bushels, with exports estimated at 2.025 billion bushels. Additionally, Brazil is expected to see a record soybean harvest of 154.663 million tons in 2023.