Commodities
USDA Report May Indicate Record Soybean Crop Amid Weather and War Uncertainty
The upcoming USDA Crop Production report is expected to provide insight into this year's corn and soybean crops, but predicting harvest prospects has been particularly tricky due to weather extremes, conflicting crop ratings, and war disruptions.
One reason US soybean farmers may reap a large and potentially record crop is the sharp jump in acreage. In June, USDA raised its 2026 U.S. soybean plantings estimate by 665,000 acres from its March forecast to 85.37 million acres, up 5.1% from a six-year low in 2025.
The average nationwide yields will be the most critical numbers in the August report, which combined with acreage will provide some clarity on supply and price outlooks into 2027.