USDA: 2021/22 U.S. soybean ending stocks lowered but above market expectations
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.