StoneX raises US soybean production forecast to 128.6 million
In Ukraine, UkrAgroConsult reported that brokerage firm StoneX has raised its forecast for US soybean yields and production in the marketing year 2026/27.
According to the updated estimate, average yields are expected to reach 55 bushels per acre, up 0.9 bushels from the previous forecast. The production estimate was increased by 77 million bushels to 4.725 billion bushels, or approximately 128.6 million tons. By comparison, USDA projected a record soybean crop of 4.562 billion bushels (124.2 million tons) in its October report, with an average yield of 53.1 bushels per acre.
According to USDA NASS, as of November 1, US farmers had harvested soybeans on 88% of the area across the 18 major producing states. This was 9 percentage points higher than a week earlier and 4 points above the 2021–2025 average. The largest advances over average harvesting rates were recorded in Tennessee, Kentucky and Wisconsin. Meanwhile, Kansas remained behind its normal pace, with 72% of the area harvested compared with the average of 78%, according to the report.
Category: Food & Agriculture
