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US Soybean Net Export Sales for Nov 5-11 up 13% W/W at 1,382,700 MT

18 Nov 2021 7:10 pm
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NEW DELHI, Nov 18 (Commoditiescontrol) - US net soybean sales were at 1,382,700 metric tonnes (MT) for the week ended November 11 in the marketing year 2021/2022 starting September 1, up 13 percent from the previous week, but down 20 percent the prior 4-week average.

US net soybean sales were at 1,289,400 MT for the week ended November 4.

Increases were primarily for China (727,500 MT, including 394,000 MT switched from unknown destinations and decreases of 5,700 MT), the Netherlands (133,000 MT, including 126,000 MT switched from unknown destinations), Spain (113,700 MT, including 65,000 MT switched from unknown destinations), Thailand (74,600 MT, including 66,000 MT switched from unknown destinations), and unknown destinations (60,100 MT), were offset by reductions for Bangladesh (2,900 MT).

Total net sales reductions of 7,800 MT for 2022/2023 were for Cuba.

Exports of 2,344,200 MT were down 36 percent from the previous week and 12 percent from the prior 4-week average.

The destinations were primarily to China (1,657,200 MT), the Netherlands (133,000 MT), Mexico (123,200 MT), Thailand (76,000 MT), and Spain (71,700 MT).

Export for Own Account: For 2021/2022, new exports for own account totaling 11,300 MT were for Canada. The current exports for own account outstanding balance is 11,300 MT, all Canada.

Export Adjustments: Accumulated export of soybeans to China were adjusted down 70,000 MT for week ending November 4th.

Soybean Cake and Meal

Net sales of 183,000 MT for 2021/2022 were down 34 percent from the previous week and 19 percent from the prior 4-week average.

Increases primarily for the Philippines (99,700 MT), Morocco (27,000 MT), Guatemala (18,600 MT, including 5,000 MT switched from Costa Rica and decreases of 6,100 MT), Honduras (12,000 MT), and Canada (8,000 MT, including decreases of 1,200 MT), were offset by reductions for Costa Rica (5,000 MT), Belgium (1,500 MT), and Colombia (500 MT).

Total net sales reductions of 600 MT for 2022/2023 were for Japan.

Exports of 230,500 MT were up 39 percent from the previous week and 19 percent from the prior 4-week average.

The destinations were primarily to Colombia (109,500 MT), the Dominican Republic (28,600 MT), Guatemala (27,800 MT), Canada (19,700 MT), and Mexico (16,900 MT).

Soybean Oil

Net sales of 67,500 MT for 2021/2022 were up noticeably from the previous week and from the prior 4-week average.

Increases were primarily for unknown destinations (22,000 MT), the Dominican Republic (19,500 MT), South Korea (12,000 MT), Mexico (6,900 MT), and Guatemala (3,000 MT).

Exports of 1,800 MT were down 70 percent from the previous week and 73 percent from the prior 4-week average. The destinations were to Mexico (1,600 MT) and Canada (200 MT).

(By Commoditiescontrol Bureau)


       
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