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US Soybean Net Export Sales for Oct 15-21 down 59% W/W at 1,183,400 MT

28 Oct 2021 6:06 pm
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NEW DELHI, Oct 28 (Commoditiescontrol) - US net soybean sales were at 1,183,400 metric tonnes (MT) for the week ended October 21 in the marketing year 2021/2022 starting September 1, down 59 percent from the previous week and 22 percent the prior 4-week average.

US net soybean sales were at 2,878,400 MT for the week ended October 14.

Increases were primarily for China (1,081,000 MT, including 449,000 MT switched from unknown destinations, 66,000 MT switched from Hong Kong, and decreases of 25,300 MT), the Netherlands (117,800 MT, including 120,000 MT switched from unknown destinations and decreases of 2,200 MT), Mexico (93,900 MT, including decreases of 5,800 MT), Taiwan (71,600 MT), and Pakistan (69,000 MT, including 66,000 MT switched from unknown destinations), were offset by reductions primarily for unknown destinations (469,300 MT).

Exports of 2,405,800 MT were up 9 percent from the previous week and 81 percent from the prior 4-week average.

The destinations were primarily to China (1,790,600 MT), Mexico (187,600 MT), the Netherlands (113,400 MT), Japan (78,500 MT), and Pakistan (69,000 MT).

Export for Own Account: For 2021/2022, new exports for own account totaling 30,800 MT were for Canada. The current exports for own account outstanding balance is 36,600 MT, all Canada.

Soybean Cake and Meal

Net sales of 161,500 MT for 2021/2022 primarily for the Philippines (134,000 MT, including 45,000 MT switched from France and 45,000 MT switched from Spain), Canada (70,400 MT, including decreases of 400 MT), Thailand (50,000 MT switched from unknown destinations), Japan (34,200 MT), and Morocco (21,200 MT, including decreases of 800 MT), were offset by reductions primarily for unknown destinations (59,300 MT), Spain (45,000 MT), Germany (45,000 MT), and France (45,000 MT).

Total net sales of 500 MT for 2022/2023 were for Canada. Exports of 184,000 MT were primarily to Colombia (39,900 MT), the Dominican Republic (28,100 MT), Japan (21,300 MT), Mexico (20,700 MT), and Costa Rica (18,200 MT).

Soybean Oil

Net sales of 14,600 MT for 2021/2022 were reported for South Korea (9,000 MT), the Dominican Republic (2,800 MT), Canada (1,900 MT), and Mexico (900 MT). Exports of 2,400 MT were to Mexico (1,600 MT), Canada (600 MT), and Honduras (200 MT).

(By Commoditiescontrol Bureau)


       
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