NEW DELHI, Oct 15 (Commoditiescontrol) - US net soybean sales were at 1,147,800 metric tonnes (MT) for the week ended October 7 in the marketing year 2021/2022 starting September 1, up 10 percent from the previous week and 9 percent from the prior 4-week average.
US net soybean sales were at 1,041,900 MT for the week ended September 30.
Increases were primarily for China (640,000 MT, including 264,000 MT switched from unknown destinations and decreases of 5,100 MT), Mexico (273,800 MT, including decreases of 600 MT), Egypt (102,500 MT, including 52,000 MT switched from unknown destinations), the Netherlands (68,000 MT, including 65,000 MT switched from unknown destinations and decreases of 3,000 MT), and Bangladesh (57,400 MT, including 55,000 MT switched from unknown destinations), were offset by reductions for unknown destinations (186,400 MT).
Exports of 1,713,800 MT were up 82 percent from the previous week and up noticeably from the prior 4-week average. The destinations were primarily to China (1,285,500 MT), Taiwan (71,500 MT), Mexico (68,900 MT), the Netherlands (68,000 MT), and Bangladesh (57,400 MT).
Export for Own Account: For 2021/2022, the current exports for own account outstanding balance is 5,800 MT, all Canada.
Export Adjustments: Accumulated export of soybeans to the Netherlands were adjusted down 86,296 MT for week ending September 23rd. The correct destination for this shipment is Germany.
Soybean Cake and Meal
Net sales of 365,400 MT for 2021/2022 primarily for Ecuador (127,800 MT), Canada (74,600 MT, including decreases of 3,800 MT), the Philippines (51,100 MT), Colombia (43,700 MT, including 20,800 MT switched from unknown destinations and decreases of 12,200 MT), and Guatemala (34,100 MT, including 9,600 MT switched from Panama, 6,200 MT switched from El Salvador, 6,000 MT switched from Nicaragua, and decreases of 1,100 MT), were offset by reductions primarily for the United Kingdom (60,000 MT) and Panama (13,900 MT).
Total net sales for 2022/2023 of 700 MT were for Canada.
Exports of 301,000 MT were primarily to Mexico (76,700 MT), Japan (63,700 MT), Colombia (33,000 MT), Ecuador (27,600 MT), and Guatemala (25,400 MT).
Soybean Oil
Net sales of 19,800 MT for 2021/2022 reported for Guatemala (15,100 MT), Costa Rica (4,200 MT), Jamaica (3,000 MT), Nicaragua (1,500 MT), and El Salvador (1,200 MT), were offset by reductions primarily for Cameroon (2,500 MT) and Canada (2,200 MT).
Exports of 500 MT were to Canada.
(By Commoditiescontrol Bureau)
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