The upcoming WASDE report forecasts a decline in US and global soybean ending stocks, while production in Argentina and Brazil is expected to remain unchanged according to a Fastmarkets poll conducted with nine industry traders and analysts.
The forthcoming USDA World Agricultural Supply and Demand Estimates (WASDE) are anticipated to indicate a reduction in both United States and global soybean ending stocks. This expectation arises from a recent survey, conducted by Fastmarkets, which included insights from nine traders and analysts on March 10.
Despite this expected decline in stock levels, soybean production in the key exporting countries of Brazil and Argentina is projected to remain stable and will experience no changes in output figures. These findings underscore important trends in the agricultural sector as it relates to soybean supply and demand.
In summary, the WASDE report is likely to reveal a decrease in soybean ending stocks for both the United States and globally. However, production levels in Argentina and Brazil are forecasted to remain unchanged, reflecting consistency in output amidst shifting stock levels.
Original Source: www.agricensus.com
