Soybean Marketing Overview
United States soybean harvest is 91% completed and total supply is predicted to be 137.78 MMTs but is still subject to changes in the July release. Soybean yield is estimated at bu/acre on million acres which yields a production of 125.18 MMT. Weekly export sales are currently ahead of the USDA export pace by 0.9 MMTs. This is in line with the USDA’s current prediction and will likely not change much in the upcoming WASDE report on July 7th, 2020. This week's export sales were on pace with the seasonal average for this week, which didn't affect
Our current prediction for the July WASDE release is for the USDA to decrease soybean ending stocks by -3.60 to 29.60 MMT. See our interactive balance sheet to make your own predictions.
Soybeans Around the World
Soybeans are an international commodity produces primarily in North and South American and exported to Europe and the Far East. On the world map below, countires highlighed in blue are major importing countires, and countires highlighed in green are major exporting countires. Click on a country to see a country specific breakdown of their soybean supply and demand.