USDA RAISES US SOYBEAN CARRYOUT TO RECORD LEVEL

Soybean Complex

On Friday, USDA released its July WASDE report, which contained its first survey-based yield forecasts for corn and soybeans. USDA forecast a 2018/19 US soybean yield of 51.6 bushels per acre, which was up 3.1 bushels from last month’s “trend-line” forecast and, if realized, would be up 2.5 bushels from last year. The…