USDA Raises Soybean Forecast as Indonesian Palm Oil Outlook Weakens
October 28, 2026
October 28, 2026
WASHINGTON, Oct. 28 (TNSLrpt) -- U.S. soybean production is forecast to reach 4.56 billion bushels in 2026/27, up 27 million from the previous month, while drought reduces Indonesia's palm oil outlook, according to the U.S. Department of Agriculture's Economic Research Service report 'Oil Crops Outlook: October 2026.' Written by Maria Bukowski and Bryn Swearingen, Report No. OCS-26j projects larger U.S. soybean supplies and exports, record canola production and continued dema . . .