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The March WASDE report left 2024/25 US soybean domestic ending stocks unchanged at 380 million bushels, with minor residual revisions. The season-average farm price was cut by $0.15 to $9.95 per bushel, the lowest since 2019/20, and USDA noted that tariff policies are considered only as in effect.
A lower farm price forecast with unchanged stocks signals limited tightening, so the report did little to lift soybean futures.
reuters.comKaren BraunMar 11, 2025After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
