The US Department of Agriculture ( USDA ) has revised down its yield estimates for soyabeans in the 2017 - 18 marketing year to 550 million bushels , five million lower than its March figure , according to its monthly supply and demand report . The decreased forecast still puts the 2018 stock as the second largest total on record . Brazil soybean exports were pegged at 73.10 million tonnes, up 2.60 million tonnes from USDA’s March outlook. In addition , the USDA has hiked crushing estimates by 10 million bushels to 1 billion , following increased activity due to healthy profit margins , while downsizing predictions for Argentina 's soyabean production to 40 million tonnes , a reduction of seven million .
The US Department of Agriculture ( USDA ) has revised down its yield estimates for soyabeans in the 2017 - 18 marketing year to 550 million bushels , five million lower than its March figure , according to its monthly supply and demand report . The decreased forecast still puts the 2018 stock as the second largest total on record . In addition , the USDA has hiked crushing estimates by 10 million bushels to 1 billion , following increased activity due to healthy profit margins , while downsizing predictions for Argentina 's soyabean production to 40 million tonnes , a reduction of seven million .