USDA must make adjustments to global and US stock projections

The United States Department of Agriculture (USDA) Only minor adjustments to estimates of global and North American soybean stocks are expected to be made in the December report.

USDA data on US and global supply and demand will be published on Tuesday (10) at 2 p.m.

Analysts consulted by international agencies are betting on US stocks of 471 million bushels in 2024/25. In November, the USDA forecast was 470 million.

In relation to the global outlook for soybean supply and demand, the market is betting on final stocks for 2024/25 of 133 million tons. In November, the figure was 131.7 million.

For 2023/24, the market expectation is for a figure of 112.3 million, slightly below the 112.4 million indicated last month.