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.
China is making strategic moves by purchasing more soybeans from Argentina and may soon follow the EU and reopen its market to Brazilian chicken exports.
September 23, 2025 01:21 PM
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Farmers should watch for soybean export rebounds with harvest, while corn and wheat shipments remain strong and sorghum demand struggles.
September 23, 2025 11:54 AM
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Rollins says the new trade relationship with Taiwan, which is committed to buying a significant amount of U.S. soy, could not come at a better time for farmers facing financial strain.
September 23, 2025 11:06 AM
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The three-point plan was announced during remarks at the annual meeting of the National Association of State Departments of Agriculture.
September 23, 2025 10:44 AM
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Higher tariffs may shield some U.S. crops but risk retaliation, lost markets, and higher costs for growers. The WTO disputes highlight the fragile balance between trade policy, farm exports, and input supply chains.
September 22, 2025 12:39 PM
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USMEF CEO Dan Halstrom joined us on Monday’s Market Day Report for his analysis on the U.S.-Taiwan trade agreement, which includes big bucks for U.S. Beef.
September 22, 2025 12:30 PM
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