As per USDA, Soybean production is forecast at 4,269 million bushels, up 68 million mainly on higher yield. The soybean yield is projected at 51.4 bushels per acre, up 0.8 bushels from the September forecast. Soybean supplies for 2016/17 are projected 70 million bushels above last month forecast with slightly higher beginning stocks adding to higher production.
Information source: www.skymetweather.com
