International Soybean Market

26-Mar-2025 08:43 AM

International Soybean Market
Ahead of the upcoming prospective planting report on Monday, traders expect soybean planting to reach an average of 83.8 million acres. This figure comes from a Bloomberg survey, with the estimated range between 82.5 and 85.5 million acres.
The European Union's (EU) soybean imports from July 1 to March 23 have reached 9.84 million metric tons (MMT), up from 9.23 MMT during the same period last year.
Meanwhile, soybean meal imports have been recorded at 13.6 million metric tons (MT), significantly higher than last year's 10.73 MMT.