U.S. soybean end of period inventory tightening

Introduction: [US soybean closing inventory tightening] according to the USDA supply and demand report, analysts expect that the report will show soybean closing inventory tightening Soybean exports and domestic consumption have been stronger than the USDA had expected The last estimate of ending inventory was 295 million bushels, and analysts expect the USDA to cut that level by 20 million bushels to 25 million bushels "I think the U.S Department of agriculture will increase the amount of pressed soybean by 5 million to 10 million bushels, so as to increase the export of soybean meal by 100000 short tons to 200000 short tons," said Anne Frick, an oil seed analyst at bacon securities Frick said she expects soybean exports to increase by 5 to 10 million bushels, so stocks will decrease by 10 to 20 million bushels She also expects a 5 million bushel increase in new soybean crushing and a 20 million bushel increase in exports This will reduce the end of 2001 / 02 soybean inventory to 455-465 million bushels Frick said China's continued demand for imported soybeans is expected to support U.S exports of new soybeans China feed industry information network k5r