Soybean prices facing downward pressure

by | Jul 18, 2024 | 5 Ag Stories, News

USDA analysts are examining soybean planted acreage and other data in hopes of determining the size of the upcoming soybean crop. USDA Outlook Board Chairman Mark Jekanowski.

That is less than a 1% increase over last year’s crop.

USDA Outlook Board Chairman Mark Jekanowski says this year’s crop will face tough competition globally.

More pressure is expected during the next marketing year says Jekanowski.

That is a decline of about 11%.