World Perspectives
soy-oilseeds

Oilseed Highlights: WASDE Soy Highlights; U.S. Soy Export Sales

Soy-Related Changes in USDA WASDE Report USDA somewhat surprised market analysts today by reducing the forecast for U.S. soybean production in 2019 by more than most expected to 3.845 billion bushels (104.64 MMT) from its June forecast of 4.15 billion bushels (112.95 MMT). This followed the decrease in the harvested area to 79.3 million acres from the previous estimate of 83.8 million acres based on the June crop plantings report. There could be another adjustment next month as a result of an ongoing survey of planted area in key soybean-producing states that had delayed planting because of wet weather. The average soybean yield forecast was also lowered by 1 bushel/acre to 48.5 bushels/acre (3.26 MT/hectare). The other significant change...

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