USDA Reports and Projections:
The USDA’s June 2025 WASDE report, expected June 12, will provide updated forecasts for soybean supply, demand, and ending stocks, a critical driver for July futures prices. The May WASDE report estimated 2025-26 U.S. soybean ending stocks at 295 million bushels, a 16% decrease from the prior year, driven by increased crush and export demand. Will the June WASDE reduce May’s numbers? Tighter stock projections in the June report could push July futures higher, while any increase in projected stocks might lead to downward pressure on prices, shaping the seasonal buying window for soybeans.
