The USDA's latest Agricultural Supply and Demand Report predicts a slight increase in global soybean production for the 2025/26 harvest, with Brazil expected to see an increase in production and exports, while the United States may see a slight decline in production and exports. Argentina's production may see a slight decrease, but final stocks and exports are expected to remain stable. China, the world's largest importer of soybeans, is projected to maintain strong demand with local production expected to fall and imports to increase.