The USDA’s upcoming WASDE report is expected to show a decline in U.S. and global soybean ending stocks, while production levels in Argentina and Brazil are predicted to remain unchanged, based on a recent survey of traders and analysts.
The upcoming USDA World Agricultural Supply and Demand Estimates (WASDE) report points to a decrease in both U.S. and global soybean ending stocks. This trend indicates a tightening in soybean availability for the near future. Conversely, soybean production levels in key South American producers, Brazil and Argentina, are forecasted to remain stable and unchanged, according to a Fastmarkets survey that was conducted with nine traders and analysts on March 10.
The anticipated decline in U.S. and global soybean ending stocks reflects a tighter supply situation. While production in Brazil and Argentina is expected to hold steady, overall market dynamics suggest that tighter stocks may influence prices and availability in the coming months.
Original Source: www.agricensus.com
