In February of this year, the U.S. Department of Agriculture (USDA) released the 2024 Agricultural Outlook Report. The report predicts the trend of global agricultural development over the ten-year period from 2024 to 2033, covering many aspects such as agricultural products, agricultural trade, and comprehensive agricultural indicators such as farm income. It is based on certain assumptions, including the outlook for macroeconomic development (forecast up to August 2023), the USDA's outlook for global agricultural supply and demand (data from the October 2023 WASDE report), current U.S. policies (such as the 2018 Farm Bill, and no new bill by October 2023), and the continuation of current international agreements. The report predicts the trend of soybean supply and demand in the next ten years.