WASDE

Soybean yields were raised 1.1 bushels per harvested acre, mainly on increased yields in Iowa, Illinois and Minnesota. This bumped soybean production up by 93 million bushels to a record 3.981 billion bushels. With the increase in production, the domestic crush was elevated 10 million bushels to a projected 1.89 billion in order to satisfy expected meal export demand. Exports were also raised 40 million bushels to 1.715 billion. The net result ends with ending…