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 .
The US Department of Agriculture (USDA) has revised down its stock 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 ending stock as the second largest total on record. In addition, the USDA has hiked crushing estimates by 10 million bushels to 1.97 billion, 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.