Feb. 24 (Bloomberg) -- U.S. soybean production may rise to 3.25 billion bushels, up from 3.056 billion last year, the U.S. Department of Agriculture said.
Farmers may yield 43.9 bushels per acre, more than the previous year’s 41.5 bushels, the USDA said today in a report released at its annual Outlook Forum in Arlington, Virginia. U.S. plantings may total 75 million acres, unchanged from last year, the agency said yesterday. Domestic inventories may fall to 205 million bushels before the harvest, according to the report.
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