See the latest Soybeans & Oil Crops Outlook report.
2025/26 U.S. Soybean Ending Stocks Forecast Is Unchanged This Month
Note: Effective April 2025, Oil Crops Outlook will publish at 3:00 p.m. ET.
U.S. soybean ending stocks for marketing year (MY) 2025/26 are projected at 295 million bushels, unchanged from last month, but 55 million bushels lower than forecasted stocks for MY 2024/25. The U.S. soybean supply and total demand forecasts for MY 2025/26 are unchanged this month. The 2025/26 U.S. season-average farm price for soybeans is forecast at $10.25 per bushel, compared with $9.95 per bushel in MY 2024/25. Soybean meal and oil price forecasts are unchanged this month and stand at $310.00 per short ton and $0.46 per pound, respectively.
For the foreign oilseed market, this month’s outlook is for higher rapeseed production in the European Union in MY 2025/26 and higher sunflowerseed production in Argentina for MY 2024/25. Furthermore, higher palm oil production is projected in Malaysia for both MY 2024/25 and MY 2025/26.
Global soybean ending stocks for MY 2025/26 are projected higher this month on higher carry over from MY 2024/25, especially in China. China’s soybean crush forecast for MY 2024/25 is reduced by 1.0 million metric tons this month, while MY 2025/26 crush is left unchanged.