USDA should cut forecast of U.S. soybean crop for 2025/26

The United States Department of Agriculture (USDA) is expected to indicate a cut in the projection of the North American soybean crop for 2025/26 in its November report. The updated supply and demand data for the U.S. and the global market will be released this Friday (14), at 2 p.m. According to analysts consulted by international agencies, the new estimate for the U.S. production should be at 4.265 billion bushels, below the 4.301 billion predicted in the September report, the most recent available, as the U.S. government shutdown prevented the release of the October figures. For the U.S. carryover stocks in 2025/26, the market projects 292 million bushels, down from the previously estimated 300 million. In the global supply and demand framework, the final soybean stocks for 2024/25 are ...