USDA Maintains Soybean Production Forecast for 2025/2026

The United States Department of Agriculture (USDA) has maintained its forecast for the 2025/2026 soybean production at 4.262 billion bushels, unchanged from its March estimate. According to Jin10, the USDA also projects the ending stocks for the same period to be 350 million bushels, slightly above the market expectation of 349 million bushels, and consistent with the March forecast. Additionally, the USDA anticipates the soybean yield to remain at 53 bushels per acre, the same as the previous month's projection.