U.S. Soybean Ending Stocks Revised Higher

The USDA has revised its 2026-27 U.S. soybean ending stocks estimate higher from last month, even as traders had been expecting a modest decline. In its October supply-demand update released Friday, the USDA pegged the average U.S. soybean yield at 53.1 bu/acre, up from its September estimate of 52.8 bu. With the higher yield, and harvested area unchanged at 85.9 million acres, production was raised by 27 million bu from last month to 4.562 billion, now up 7% on the year and a new record high Ah