WASDE Preview: Decline in U.S. and Global Soybean Ending Stocks Expected

The USDA’s upcoming WASDE report indicates declining U.S. and global soybean ending stocks, with production in Brazil and Argentina expected to remain unchanged, according to a recent poll of traders and analysts.

The upcoming USDA World Agricultural Supply and Demand Estimates (WASDE) are anticipated to reveal a decline in both U.S. and global soybean ending stocks. This forecast is based on a Fastmarkets poll that included nine traders and analysts, conducted on March 10. Despite the expected decrease in stocks, soybean production levels in Brazil and Argentina are projected to remain stable, with no significant changes in output.

In summary, the forthcoming WASDE report suggests a reduction in soybean ending stocks for both the United States and globally, while production figures in major South American producers, Brazil and Argentina, are expected to remain constant. This information is crucial for market stakeholders to consider in their strategic planning.

Original Source: www.agricensus.com