The USDA’s WASDE report anticipates a decline in US and global soybean ending stocks, while production levels in Brazil and Argentina are expected to remain unchanged according to a recent survey.
According to the forthcoming USDA World Agricultural Supply and Demand Estimates (WASDE), both US and global soybean ending stocks are predicted to experience a decrease. A recent Fastmarkets survey involving nine traders and analysts indicated that soybean production levels in Brazil and Argentina are expected to remain steady, without any changes in output.
In summary, the upcoming WASDE report forecasts a reduction in soybean ending stocks for both the United States and the global market. Simultaneously, the production figures for Brazil and Argentina are anticipated to hold consistent, indicating stability in those regions’ output.
Original Source: www.agricensus.com
