WASDE Oilseeds: U.S. Soybean Production Down On Reduced Harvested Area

U.S. oilseed production for 2020/21 is projected at 126.6 million tons, down 1.1 million from last month with lower soybean, peanut, and cottonseed production partly offset with higher canola and sunflowerseed. Soybean production is forecast at 4.3 billion bushels, down 45 million on lower harvested area.