USDA Raises U.S. Soybean Projections
- General News
Favorable weather helps U.S. soybean farmers grow abundant supply of high-quality soybeans
This week, the United States Department of Agriculture (USDA) raised its outlook for U.S. corn and soybeans by predicting above average yields for both crops. This exceeds the already-high expectations the organization had currently posted for this growing season.
Due in part to largely favorable weather conditions across much of the U.S. this growing season, 2018 soybean production is projected to be more than 4.5 billion bushels (based on yields of more than 51.5 bushels per acre). Earlier analyst projections were for 4.4 billion bushels per acre based on yields of 49.6 bushels per acre.
This latest forecast is one more reason the international buyers of U.S. Soy can be confident in U.S. soybean farmers' ability to provide an abundant, high-quality crop.