CHICAGO, Feb 9 (Reuters) - Strong export demand will cut into already tight U.S. supplies of corn and soybeans by more than previously forecast, the government said on Tuesday.

The U.S. Agriculture Department in its monthly World Agricultural Supply and Demand Estimates report projected corn ending stocks for the 2020/21 marketing year at 1.502 billion bushels and soybean ending stocks at 120 million bushels. That compares with its January outlook for corn stocks of 1.552 billion and soybean stocks of 140 million.

Analysts had expected the report to show corn ending stocks of 1.392 billion and soy ending stocks of 123 million, based on the average of estimates in a Reuters poll. (Reporting by Mark Weinraub; Editing by Caroline Stauffer)