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US Soybean Net Export Sales for Nov 12-18 up 13% W/W at 1,564,500 MT

26 Nov 2021 7:07 pm
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NEW DELHI, Nov 26 (Commoditiescontrol) - US net soybean sales were at 1,564,500 metric tonnes (MT) for the week ended November 18 in the marketing year 2021/2022 starting September 1, up 13 percent from the previous week and from the prior 4-week average.

US net soybean sales were at 1,382,700 MT for the week ended November 11.

Increases were primarily for China (882,500 MT, including 461,000 MT switched from unknown destinations and decreases of 24,500 MT), Mexico (168,200 MT, including decreases of 1,100 MT), Thailand (148,600 MT, including 70,000 MT switched from unknown destinations and 66,000 MT switched from the Netherlands), Egypt (117,300 MT, including decreases of 700 MT), and Indonesia (98,300 MT, including 68,000 MT switched from unknown destinations), were offset by reductions primarily for unknown destinations (56,400 MT) and the Netherlands (47,500 MT).

Total net sales of 6,000 MT for 2022/2023 were for unknown destinations.

Exports of 2,253,000 MT were down 4 percent from the previous week and 18 percent from the prior 4-week average.

The destinations were primarily to China (1,410,700 MT), Thailand (152,100 MT), Pakistan (128,200 MT), Mexico (112,700 MT), and the Netherlands (84,500 MT).

Export for Own Account: For 2021/2022, new exports for own account totaling 29,900 MT were for Canada. The current exports for own account outstanding balance is 41,200 MT, all Canada.

Soybean Cake and Meal

Net sales of 136,900 MT for 2021/2022 were down 25 percent from the previous week and 36 percent from the prior 4-week average.

Increases primarily for Mexico (65,900 MT, including decreases of 3,400 MT), the Philippines (45,000 MT, including decreases of 3,200 MT), Colombia (44,600 MT, including 29,000 MT switched from unknown destinations and decreases of 20,400 MT), Panama (23,300 MT, including decreases of 400 MT), and Canada (10,800 MT, including decreases of 800 MT), were offset by reductions primarily for unknown destinations (55,000 MT) and Romania (27,000 MT).

Net sales reductions of 800 MT for 2022/2023 were for Japan (600 MT) and the Netherlands (200 MT).

Exports of 277,500 MT were up 20 percent from the previous week and 40 percent from the prior 4-week average.

The destinations were primarily to the Philippines (87,100 MT), Ecuador (72,400 MT), Mexico (29,400 MT), Japan (28,900 MT), and Canada (28,500 MT).

Soybean Oil

Net sales of 42,000 MT for 2021/2022 were down 38 percent from the previous week, but up 62 percent from the prior 4-week average.

Increases primarily for India (30,000 MT), the Dominican Republic (7,000 MT, including 6,300 MT switched from Guatemala and decreases of 3,100 MT), Colombia (4,000 MT), Jamaica (3,500 MT), and Mexico (3,000 MT), were offset by reductions for Guatemala (6,000 MT).

Exports of 18,000 MT were up noticeably from the previous week and from the prior 4-week average.

The destinations were primarily to the Dominican Republic (10,800 MT), Mexico (2,300 MT), Guatemala (1,600 MT), Nicaragua (1,500 MT), and El Salvador (1,200 MT).

(By Commoditiescontrol Bureau)


       
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