Farmers in the U.S. are increasing soybean sowing, taking the next harvest to an all-time high of 3.4 billion bushels and doubling inventory by August 31, 2014 to 250 million bushels. According to the U.S. Department of Agriculture (USDA) palm oil fell the most since November as a forecast for a record U.S. soybean harvest deepens concerns that global cooking oil stocks will increase and a tax on exports will curb demand for Malaysian palm oil supplies. Crude palm exports from Malaysia will be taxed 4.5% in March after shipments were allowed zero duty in the previous two months. Indonesia will also raise the export tax to 10.5% from a previous 9%.