On March 9, the U.S. Department of Agriculture released data from the March supply and demand report. It is estimated that the 2021/22 U.S. soybean planting area is 87.2 million acres (86.3 million acres harvested), with a yield of 51.4 bushels per acre and a yield of 4.435 billion bushels (121 million tons). , a record high; the crushing volume was 2.215 billion bushels (60.28 million tons), which was the same as the previous month’s forecast;

The export volume was 2.09 billion bushes (56.88 million tons), up 40 million bushes from the previous month’s forecast; the ending inventory was 285 million bushes (7.77 million tons), down 40 million bushes from the previous month, higher than the market expectation of 270 million bushes.

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