See the latest Soybeans & Oil Crops Outlook report.
U.S. 2025/26 Soybean Production Is Raised on Higher Acreage
The USDA, National Agricultural Statistics Service’s (NASS) Crop Production report this month indicated the marketing year (MY) 2025/26 soybean production is at 4.3 billion bushels, 8.0 million bushels higher than the previous month’s forecast. The production forecast is raised on higher acreage. The soybean yield forecast for MY 2025/26 stands at 53.5 bushels per acre, 0.1 bushels per acre lower than the previous estimate. The U.S. soybean export forecast is reduced this month to 1.69 billion bushels. Soybean crush is raised to 2.56 billion bushels, on higher soybean meal demand. Ending stocks for MY 2025/26 are projected at 300 million bushels, 10 million bushels higher than last month’s forecast. The MY 2025/26 soybean season-average farm price forecast is lowered by 10 cents to $10 per bushel. The soybean meal and soybean oil prices are forecast to be unchanged, at $280 per short ton and 53 cents per pound, respectively.
Global rapeseed and sunflowerseed production forecasts for MY 2025/26 are increased this month by 1.4 million metric tons and 0.2 million metric tons to nearly 91 million metric tons and 55.3 million metric tons, respectively. Larger rapeseed production is forecast for Canada, Australia, Kazakhstan, and Russia. The marginal increase in the global sunflowerseed production is mainly due to higher sunflowerseed output in Russia and Kazakhstan, while production in the European Union and Ukraine is reduced from last month’s forecast.