The USDA’s upcoming WASDE report is expected to show a decline in U.S. and global soybean ending stocks, while production levels in Brazil and Argentina will remain unchanged, according to a Fastmarkets poll.
The forthcoming USDA World Agricultural Supply and Demand Estimates (WASDE) is anticipated to reveal a decrease in both United States and global soybean ending stocks. Despite this reduction, soybean production levels in Brazil and Argentina are projected to remain stable, as indicated by a recent Fastmarkets poll involving nine traders and analysts conducted on March 10.
In summary, the upcoming WASDE report is expected to present a decline in U.S. and global soybean ending stocks, while soybean output in the significant producing nations of Brazil and Argentina is not forecasted to change. This overview highlights the critical dynamics in global soybean supply and demand.
Original Source: www.agricensus.com
