According to the USDA’s Grain and Oilseed Outlook, U.S. soybean ending stocks at the end of the current marketing year to be at 120 million bushels. The current marketing year ends on August 31. New crop soybean production is based on 90 million acres and a yield of 50.8 bushels per acre, resulting in U.S. soy production at 4.68 billion bushels. Soybean exports are lowered slightly to 2.2 billion bushels, with ending stocks at the end of the new crop marketing year estimated at 145 million bushels.
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