The USDA's July supply and demand report projects global soybean ending stocks for the 2026/27 marketing year at 124.17 million metric tons, down from the June forecast of 124.88 million metric tons.
The USDA's July report lowered the 2026/27 global soybean ending stocks forecast by 0.71 million metric tons to 124.17 million metric tons. This slight tightening of supply expectations provides moderate bullish support for soybean prices.
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