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US Soybean Net Export Sales for Oct 8-14 up Noticeably W/W at 2,878,400 MT

21 Oct 2021 6:11 pm
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NEW DELHI, Oct 21 (Commoditiescontrol) - US net soybean sales were at 2,878,400 metric tonnes (MT) for the week ended October 14 in the marketing year 2021/2022 starting September 1, up noticeably from the previous week and from the prior 4-week average.

US net soybean sales were at 1,147,800 MT for the week ended October 7.

Increases were primarily for China (1,884,400 MT, including 526,000 MT switched from unknown destinations, decreases of 6,300 MT, and 54,000 MT - late), unknown destinations (568,800 MT), the Netherlands (127,300 MT, including 124,000 MT switched from unknown destinations and decreases of 2,700 MT), Egypt (97,300 MT), and Bangladesh (57,800 MT, including 55,000 MT switched from unknown destinations).

Exports of 2,207,300 MT were up 29 percent from the previous week and up noticeably from the prior 4-week average.

The destinations were primarily to China (1,659,500 MT), the Netherlands (127,300 MT), Mexico (97,500 MT), Turkey (66,000 MT), and Japan (63,900 MT).

Export for Own Account: For 2021/2022, the current exports for own account outstanding balance is 5,800 MT, all Canada.

Late Reporting: For 2021/2022, net sales totaling 54,000 MT of soybeans were reported late for China.

Soybean Cake and Meal

Net sales of 240,400 MT for 2021/2022 primarily for Ecuador (64,900 MT, including decreases of 100 MT), Canada (49,800 MT, including decreases of 2,000 MT), Denmark (45,000 MT), Colombia (35,100 MT, including 9,200 MT switched from unknown destinations and decreases of 200 MT), and Nicaragua (18,000 MT), were offset by reductions primarily for Mexico (6,900 MT), Spain (6,000 MT), and Guatemala (4,600 MT).

For 2022/2023, net sales of 6,100 MT were reported for Japan (3,600 MT) and the Netherlands (2,500 MT).

Exports of 216,800 MT were primarily to the Philippines (48,700 MT), Colombia (47,300 MT), Guatemala (34,000 MT), Mexico (23,500 MT), and Canada (17,200 MT).

Soybean Oil

Net sales of 3,000 MT for 2021/2022 were reported for Mexico (2,200 MT) and the Dominican Republic (800 MT).

Total net sales of 100 MT for 2022/2023 were for Canada. Exports of 8,000 MT were to Guatemala (7,500 MT), Mexico (400 MT), and Canada (100 MT).

(By Commoditiescontrol Bureau)


       
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