Market Outlook

See the latest Soybeans & Oil Crops Outlook report.

2022/23 Global Soybean Ending Stocks Lowered

U.S. seasonal ending soybean stocks for the 2022/23 marketing year (MY) are lowered by 15.0 million bushels, to 210.0 million bushels on higher exports. Soybean exports are raised by 25.0 million bushels to 2.02 billion bushels, while crush volumes are reduced by 10.0 million bushels to 2.22 billion bushels.

The 2022/23 global soybean supply is reduced this month due to lower production in Argentina and Uruguay. Argentina’s soybean production is lowered by 8.0 million metric tons to 33.0 million metric tons on lower harvested area and yields impacted by drought. World soybean consumption is down 5.3 million metric tons this month. Global ending stocks are lowered to 100.0 million metric tons.

Two bar charts for Argentina soybean production and area harvested with a line graph of yield included with the bar charts

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