The Economic Report of the Bahía Blanca Cereal and Products Exchange highlights a slight reduction in global soybean production to a record 424.3 million tons, with a decrease in the stock/consumption ratio to 31.7%. The USDA has lowered its US production estimates by 2%, resulting in a 19% decrease in final stocks. In Brazil, soybean planting is complete on 47.4 million hectares, with a expected record production of 166.3 million tons. In Argentina, 87% of the planned crop is in Normal/Good condition, but the lack of rainfall could lead to yield losses. The local soybean market continues to see a downward trend in prices, while changes in US production and Brazilian weather conditions could impact the global soybean complex. Additionally, corn production estimates and stock/consumption ratios for the US and Brazil are provided, with the USDA expecting a tighter cereal production and a drop in final stocks, while Brazil expects an increase in production due to higher yield productivity.