“Soybean, soymeal and soyoil futures continue to trade lower. Bearish supply market has seen additional 2025 US supplies offering resistance. USDA estimates World soybean crop at 427 mmt versus 422 this past year. USDA estimates US crop at 118 mmt versus 118 this past year. One group estimated US crop closer to 122 mmt. Another estimated the crop at 120 mmt. USDA also estimates US soybean exports at 47 mmt versus 50 mmt this year. Some fear that US exports could drop to 43 mmt, At the same time, current estimates of Brazil and Argentina corn crop will be up 15 mmt versus last year. USDA estimates 25/26 World soybean end stocks at 126 mmt vs 125 this year. Above estimates suggest end stocks could grow 23 mmt.,” reported Steve Freed with ADM Investor Services.