USDA pegged global soybean exports at 149.06 mln tn, down from 149.56 mln tn estimated in May.

Soybean production in the US estimate, at 4,255 mln bushels (1 bushel = 27.22 kg) in 2017-18. Estimate for US soybean acreage in June at 89.5 mln acres, while exports are seen at 2,150 mln bushels. Agency has raised its estimate for US soybean ending stocks for 2017-18 by 15 mln bushels to 495 mln.