Mumbai, 24 June (Commoditiescontrol) The exports of soybean from the U.S. rose 64 percent to 243,200 metric tonne (MT) in the week ended on June 17, 2021 as compared to the corresponding previous week. However, exports of soyoil from the U.S. declined 15 percent to 6,800 MT the previous week and 26 percent from the prior 4-week average. The weekly exports sales data releason on Thursday.
Hereunder is the weekly reports of soybean, soymeal and soyoil exports sales released on June 24.
Soybeans: Net sales of 141,700 MT for 2020/2021 were up noticeably from the previous week and from the prior 4-week average.
Increases primarily for Japan (83,700 MT, including 48,000 MT switched from unknown destinations), Indonesia (66,200 MT, including 55,000 MT switched from unknown destinations and decreases of 1,500 MT), China (66,000 MT), Malaysia (9,300 MT, including decreases of 100 MT), and Vietnam (8,900 MT), were offset by reductions for unknown destinations (103,000 MT).
For 2021/2022, net sales of 47,300 MT primarily for Mexico (54,400 MT), unknown destinations (52,100 MT), Malaysia (6,000 MT), and Canada (500), were offset by reductions for China (66,000 MT).
Exports of 243,200 MT were up 64 percent from the previous week and 3 percent from the prior 4-week average. The destinations were primarily to Indonesia (88,300 MT), Mexico (65,200 MT), Japan (53,300 MT), Canada (13,900 MT), and Vietnam (8,200 MT).
Exports for Own Account: For 2020/2021, the current exports for own account outstanding balance is 5,800 MT, all Canada.
Soybean Cake and Meal: Net sales of 387,600 MT for 2020/2021 were up noticeably from the previous week and from the prior 4-week average.
Increases primarily for the Philippines (146,500 MT), Ecuador (109,800 MT, including decreases of 16,800 MT), Italy (30,000 MT), Honduras (20,300 MT), and El Salvador (19,500 MT, including 5,800 MT switched from Guatemala and 2,700 MT switched from Nicaragua), were offset by reductions primarily for Guatemala (4,200 MT) and Belgium (1,200 MT). For 2021/2022, net sales of 22,000 MT were for unknown destinations (19,000 MT) and the Philippines (3,000 MT).
Exports of 212,200 MT were up 7 percent from the previous week, but down 1 percent from the prior 4-week average. The destinations were primarily to the Philippines (53,400 MT), Ecuador (32,300 MT), Canada (25,600 MT), Venezuela (16,500 MT), and Guatemala (14,500 MT).
Soybean Oil: Net sales of 2,400 MT for 2020/2021 were up 8 percent from the previous week and 17 percent from the prior 4-week average. Increases were reported for Mexico (1,300 MT), Canada (1,000 MT), and India (100 MT).
Exports of 6,800 MT were down 15 percent from the previous week and 26 percent from the prior 4-week average. The destinations were primarily to Jamaica (4,000 MT) and Canada (1,500 MT).
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