the stock-to-consumption ratio declining to 31.7%, according to the Bahía Blanca Cereal and Products Exchange.
Global soybean production is slightly reduced to a record 424.3 million tons, with the stock-to-consumption ratio declining to 31.7%, according to the Bahía Blanca Cereal and Products Exchange.
The USDA lowered U.S. production estimates by 2%, reducing final stocks by 19%. Meanwhile, Brazil's planting is complete on 47.4 million hectares, with an anticipated record output of 166.3 million tons.
Argentina reports 87% of its planned crop in Normal/Good condition, though insufficient rainfall could impact yields.
The global soybean market faces a downward price trend, with potential influences from U.S. production adjustments and Brazilian weather conditions.
Corn production also shows tightening in the U.S., with the USDA forecasting lower final stocks. Conversely, Brazil expects higher corn yields, boosting production. These factors, combined with shifting weather patterns and market dynamics, are poised to shape the global agricultural outlook.
