USDA May Trim US Soy Export Outlook in Key Crop Reports, Analysts Say

Grain analysts expect the U.S. Department of Agriculture may trim what some believe were overly optimistic estimates ‍for soybean export demand in the current crop year, especially given lower sales to China, when it releases closely watched crop reports on Monday.

They also expect lower estimates for U.S. corn and soybean harvests, in part reflecting dry autumn weather, although global supplies are expected to remain ⁠plentiful with large South American harvests imminent.

The monthly report's view of demand for U.S. grains will get particular scrutiny

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