New Crop Soybean Balance Sheet Estimates
The May WASDE is one of the most anticipated WASDE reports of the year as it provides the USDA’s initial forecast for the 2021/22 crop year. Ahead of the report, the production figure that the USDA will use is known. The USDA will use acreage from the March Perspective Plantings report, which is 87.6 Mil…