WASHINGTON, D.C. (RFD NEWS) — U.S. soybean ending stocks for 2025/26 remained unchanged at 350 million bushels in USDA’s March Oil Crops Outlook, even as stronger crush demand lifted both supply and use forecasts.
USDA raised soybean imports by 5 million bushels and increased crush by the same amount to a record 2.58 billion bushels. The export forecast held at 1.58 billion bushels, while the season-average farm price stayed unchanged at $10.20 per bushel. Soybean meal demand improved on strong domestic use and competitive pricing, pushing the meal price forecast up to $300 per short ton.
For producers, the crush increase matters because it reflects solid demand for soybean products even as soybean oil use in biofuels has weakened. USDA lowered soybean oil used for biomass-based diesel to 14.0 billion pounds, but stronger food, feed, and industrial use helped offset much of that decline. Soybean oil prices were still raised to 55 cents per pound.
Globally, sunflowerseed production and crush increased, especially in Argentina, Ukraine, and Kazakhstan, while Argentina’s soybean crop was trimmed slightly on lower yield.
As ag lawmakers in the Senate await the House vote on the Farm Bill, they are eager to discuss the challenges farmers face before it is their turn to take up the critical legislation.
March 26, 2026 04:29 PM
·
Brooks York with AgriSompo addresses how current market conditions and risk management are impacted by volatility in the Middle East, and considerations for farmers in the spring planting season.
March 26, 2026 02:57 PM
·
Farm CPA Paul Neiffer provided guidance on navigating the R&D tax credit, emphasizing record-keeping, eligibility, and maximizing potential savings as crop margins remain the key pressure point for farmers.
March 26, 2026 12:29 PM
·
RFA and ACE leaders join us to discuss the latest developments in ethanol policy, market impacts, and the path forward
March 26, 2026 11:49 AM
·
For agriculture, the meeting is seen as a potential turning point, with markets watching closely for any signals on trade, exports, and future purchasing commitments.
March 26, 2026 11:16 AM
·
EPA Administrator Lee Zeldin, in consultation with the U.S. Department of Energy and under the Clean Air Act, approved the temporary measure to help stabilize fuel supplies and reduce costs for consumers.
March 25, 2026 01:16 PM
·
