Lower global production forecast for oilseeds, including soybeans by the USDA

The article highlights a decrease in the production of rapeseed and soybeans at a global level. In Australia, production has dropped due to a reduction in harvesting area, while in the EU, it has declined due to low yields in France. The forecast for soybeans in the 2024/2025 season shows a decrease in both starting and ending stocks, with a slight drop in production. This is attributed to higher starting inventories in the U.S., but lower inventories in Brazil and Paraguay. Brazil's stocks have fallen due to a downward revision in production, and Paraguay's opening stocks for the 2024/2025 season have been reduced due to increased exports in the previous marketing year.