The recent USDA WASDE report for July provides the latest update for the world and domestic soybean outlooks. USDA World Agricultural Outlook Board Chair Mark Jekanowski says the balance sheet details gains in U.S. soybean production and that reflects in the world production numbers.
Jekanowski says the net result of changes in the July WASDE report increased the export forecast.
There was no change to soybean ending stocks or the season ending average price estimate which remains at $11.40 per bushel.
