Supply

USDA Raises U.S. Soybean Projections

Favorable weather helps U.S. soybean farmers grow abundant supply of high-quality soybeans

This month, the United States Department of Agriculture (USDA) raised its outlook for U.S. corn and soybeans by predicting above average yields for both crops. This exceeds the already-high expectations the organization had currently posted for this growing season.

Due in part to largely favorable weather conditions across much of the U.S. this growing season, 2018 soybean production is projected to be more than 4.5 billion bushels (based on yields of more than 51.5 bushels per acre). Earlier analyst projections were for 4.4 billion bushels per acre based on yields of 49.6 bushels per acre.

This latest forecast is one more reason the international buyers of U.S. Soy can be confident in U.S. soybean farmer’s ability to provide an abundant, high-quality crop.

John Baize
John Baize

President

John Baize and Associates

Analyst John Baize leverages his 38 years of working the global market on behalf of soybeans and other farm products to predict trends and growth.