USDA Predicts “King Soybean” by 2019

USDA Predicts “King Soybean” by 2019

by John Newton
On Nov. 28, 2017, USDA released several tables previewing the annual long-term Agricultural Projections to 2027 (the complete projections will be released in February 2018). These early-release tables provide USDA estimates on the supply and demand for agricultural commodities through 2017 and take into consideration macroeconomic conditions, GDP growth, population growth and farm policy, among other factors. USDA assumes in the projections normal weather and no significant supply or demand disruptions, i.e. a business-as-usual environment.
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