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Brazil's soybean crush forecast raised, inventory lowered to reflect strong demand

Brazil's soybean crush forecast raised, inventory lowered to reflect strong demand

汇通财经汇通财经2026/06/22 13:03
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(1) The Brazilian crushers association Abiove on Monday raised its 2026 soybean crushing forecast to 63 million tons, an increase of 0.8% over the previous estimate, mainly due to strong domestic processing growth supported by a bumper harvest and robust demand for by-products. (2) The 2026 soybean export estimate remains unchanged at 114.1 million tons, the same as the May forecast. (3) The 2026 year-end soybean inventory forecast has been lowered to 7.87 million tons, down from the previous estimate of 8.25 million tons. (4) The soybean meal output forecast remains unchanged at 48.1 million tons, while the soybean meal export forecast has been raised from 24.8 million tons to 24.95 million tons.
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