USDA January 2025 Highlights: Soybean

11-Jan-2025 08:17 AM

USDA January 2025 Highlights: Soybean
No changes in soybean production estimates for South American countries (Argentina, Brazil, Paraguay).
Global soybean ending stocks projected at 128.37 million tons, 3.5 million tons lower than December estimates.
U.S. exported 288,000 tons of soybeans in the week ending January 2, with the Netherlands purchasing 205,000 tons.
Soybean meal exports totaled 144,000 tons, while soybean oil exports stood at 34,000 tons.
Soybean meal exports recorded at the lowest level of the current season.