USDA: February supply and demand report shows that the US soybean crushing forecast for 2021/22 is revised up by 25 million to 2.215 billion pu, and export forecasts remain at 2.05 billion pu,

USDA: The February supply and demand report showed that the US soybean crushing forecast for 2021/22 was revised up by 25 million to 2.215 billion pu, export estimates remained at 2.05 billion pu, total demand was revised up by 25 million pu, and finally soybean carry-over inventory estimates were revised down from 350 million pu in the previous month to 325 million pu, higher than the market average expectation. China's soybean import and crushing estimates for 2021/22 were revised down by 3 million tons to 97 million and 94 million tons. Brazil's 2021/22 soybean production is estimated to be revised down by 5 million to 134 million tonnes, crushed by 300,000 to 46.9 million tonnes, exports by 3.5 million to 90.5 million tonnes, Argentina's 2021/22 soybean production estimates by 1.5 million to 45 million tonnes, crush estimates by 1.2 million to 40 million tonnes, and exports by 1.1 million to 3.75 million tonnes. The global 2021/22 carry-over inventory forecast was revised down to 92.83 million tonnes from 95.2 million in the previous month, beating market average expectations.