Source: SOUTHERN FARM NETWORK, 4/11/18



The latest World Agriculture Supply and Demand Report from the Department of Agriculture shows Brazil is reaching a record soybean planting. USDA predicts a record Brazilian soybean crop of 115 million metric tons, or 4.2 billion bushels. Domestically, U.S. soybean supply and use changes for 2017/18 include increased crush, lower seed and residual use, and lower ending stocks. Soybean ending stocks are projected at 550 million bushels, down five million.The season-average soybean price is forecast at $9.10 to $9.50, unchanged at the midpoint.

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