U.S. Department of Agriculture Raises 2026/2027 U.S. Soybean Production Outlook to 4.475 Billion Bushels

The U.S. Department of Agriculture set its July outlook for U.S. soybean production in the 2026/2027 marketing year at 4.475 billion bushels, compared with a market expectation of 4.459 billion bushels and the June outlook of 4.435 billion bushels. According to Jin10, the USDA put July projected U.S. 2026/2027 soybean ending stocks at 310 million bushels, versus a market expectation of 330 million bushels and the June outlook of 310 million bushels. The USDA also projected U.S. 2026/2027 soybean yield at 53 bushels per acre in July, matching both the market expectation and the June outlook.