ApprovedbyUSDA’sWorldAgriculturalOutlookBoardOilCropsOutlookMarkAshDanaGoldenBrighterU.S.ExportOutlookMayTrim2020/21StocksSurplusU.S.soybeanproductionfor2020/21isprojectedat4.125billionbushels,up568millionfromlastyear’scrop.Theincreaseislargelybasedonfarmersfollowingthroughonintentionstoplant83.5millionacresofsoybeans,althoughtheprojectedtrendyieldof49.8bushelsperacreisalsoabovelastyear’slevel.U.S.soybeanexportsin2020/21mayseearecoveryto2.05billionbushelscomparedwitharevised2019/20forecastof1.675billion.Coupledwithaminimalincreaseforthedomesticcrush,season-endingstocksfor2020/21maydeclineto405millionbushelsfrom580millionin2019/20.3035404550550204060801...
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