February 2025 WASDE Report - Soybeans

12-Feb-2025 10:52 AM

February 2025 WASDE Report - Soybeans
★ South American production was revised: Brazil's production remains unchanged at 169 million tons, while Argentina's production was reduced by 3 million tons to 49 million tons due to persistent heat and drought.
★ Global soybean stocks were reduced by 4.03 million tons, bringing the total to 124.34 million tons.
★ According to the ANEC agency, Brazil's soybean exports reached 10.1 million tons in February, 330,000 tons higher than previously estimated.
★ AgResource estimates Brazil's soybean production at 172.28 million tons, while Patria Agronegocios reduced its estimate by 1.07 million tons to 165.87 million tons.