Decline in US and Global Soybean Ending Stocks Projected in WASDE Report

The upcoming WASDE report predicts a decline in US and global soybean ending stocks while production in Brazil and Argentina remains unchanged.

The forthcoming USDA World Agricultural Supply and Demand Estimates (WASDE) are anticipated to indicate a reduction in soybean ending stocks for both the United States and globally. Despite these declines, production levels in major soybean-producing countries such as Brazil and Argentina are projected to hold steady, remaining unchanged as per recent information shared with Fastmarkets on March 10.

In summary, the USDA’s upcoming WASDE report is expected to highlight a decrease in soybean ending stocks for the US and globally. However, production figures in Brazil and Argentina are not anticipated to change, indicating stability in output despite stock declines.

Original Source: www.agricensus.com