USDA ( USDA ) has revised down its stock estimates for soyabeans in the 2017-18 marketing year to 40 million tonnes , five million lower than its March figure, according to its monthly supply and demand report. USDA left its U.S. soybean export forecast unchanged at 2.065 billion bushels. The decreased forecast still puts the ending stock as the second largest total on record. In addition, the The US Department of Agriculture has hiked crushing estimates by 550 million bushels to five million , following increased activity due to healthy profit margins, while downsizing predictions for Argentina 's soyabean yield to 40 million tonnes , a reduction of seven million .
USDA ( USDA ) has revised down its stock estimates for soyabeans in the 2017-18 marketing year to 40 million tonnes , five million lower than its March figure, according to its monthly supply and demand report. The decreased forecast still puts the ending stock as the second largest total on record. In addition, the The US Department of Agriculture has hiked crushing estimates by 550 million bushels to five million , following increased activity due to healthy profit margins, while downsizing predictions for Argentina 's soyabean yield to 40 million tonnes , a reduction of seven million .