 U.S. soybean production is forecast at 4.4 billion bushels for 2024-25, down 15 million bushels from last month, but 270.3 million bushels higher than production in the previous marketing year. With a lower production forecast and unchanged crush and export forecast, U.S. ending stocks for 2024-25 are projected at 435 million bushels, down 20 million bushels from last month's forecast. The U.S. season average soybean price for 2024-25 is down a dime this month to $11.10 per bushel.