According to the U.S. Department of Agriculture supply and demand report, CBOT soybean futures closed up 1% on Tuesday (May 12), with the benchmark contract gaining strength on supportive supply and demand data.
The USDA’s monthly forecast showed new-crop soybean production at 4.435 billion bushels, up 4.06% year-over-year but slightly below market expectations. Crushing volume was estimated at 2.75 billion bushels (up 4.56%), export volume at 1.63 billion bushels (up 6.54%), and ending stocks at 310 million bushels (down 8.82%), also below market projections.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.