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U.S. soybean supply in 2024/25 is expected to increase by 8% year-on-year [U.S. Department of Agriculture (USDA) May Supply and Demand Report showsbaccaratbunnyThanks to the expansion of planting area and increased yields, soybean production in 2024/25 may reach 44baccaratbunny.50 million bushels, an increase of 285 million bushels from the previous year. Total supply is estimated at 4.805 billion bushels, a year-on-year increase of 8%.] In the view of FarmFutures grain market analyst Jacqueline Holland, the additional 285 million bushels of soybeans will be absorbed by new domestic crushing capacity and a recovery in export demand in the United States. She believes that although soybean growers may face downward price pressure in the short term, in the long run, increased supply will stimulate demand growth. At the same time, Holland pointed out that the market is currently paying more attention to the yield of South American crops, but as the best planting window gradually closes, if American farmers are unable to cultivate normally due to weather problems, the market focus may shift to U.S. production in the next few weeks.
