Farmers are still on track to produce a record U.S. soybean crop, but the real story from last week’s U.S. Department of Agriculture (USDA) crop report series is unrelenting demand that continues to eat away at supplies, said Darin Newsom, DTN senior market analyst.

In its monthly supply and de­­mand report, the USDA reduced soybean ending stocks for the 2017-18...