Soybean Prices Under Pressure: USDA Forecasts Lower Yields and Global Competition

U.S. soybean farmers face a challenging year ahead, according to the latest U.S. Department of Agriculture (USDA) Soybean Supply and Demand Report. The report projects a combination of lower yields, increased global competition, and lower prices, painting a gloomy picture for the upcoming season.

Triple Threat:

• Lower Yields: The USDA forecasts a 3-percent decline in U.S. soybean yields compared to last year. This decrease in production is attributed to several factors, including adverse weather conditions and disease outbreaks.
• Global Competition: A. . .