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US Soybean Net Export Sales for Nov 19-25 down 32% W/W at 1,063,400 MT

2 Dec 2021 7:06 pm
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NEW DELHI, Dec 2 (Commoditiescontrol) - US net soybean sales were at 1,063,400 metric tonnes (MT) for the week ended November 25 in the marketing year 2021/2022 starting September 1, down 32 percent from the previous week and 29 percent from the prior 4-week average.

US net soybean sales were at 1,564,500 MT for the week ended November 18.

Increases were primarily for China (657,100 MT, including 462,000 MT switched from unknown destinations and decreases of 3,200 MT), Egypt (68,000 MT, including 66,000 MT switched from unknown destinations and decreases of 4,900 MT), Thailand (67,600 MT, including 66,000 MT switched from unknown destinations), Germany (66,900 MT), and Bangladesh (62,000 MT, including 60,000 MT switched from unknown destinations), were offset by reductions primarily for unknown destinations (43,000 MT) and Turkey (9,800 MT).

Total net sales reductions of 48,000 MT for 2022/2023 were for unknown destinations.

Exports of 2,327,100 MT were up 3 percent from the previous week, but down 14 percent from the prior 4-week average.

The destinations were primarily to China (1,410,200 MT), Egypt (311,400 MT), Taiwan (97,700 MT), Mexico (94,500 MT), and Thailand (71,200 MT).

Export for Own Account: For 2021/2022, new exports for own account totaling 59,400 MT were for Canada. The current exports for own account outstanding balance is 100,600 MT, all Canada.

Export Adjustments: Accumulated exports of soybeans to the Netherlands were adjusted down 66,910 MT for week ending November 11th. The correct destination for this shipment is Germany.

Soybean Cake and Meal

Net sales of 146,700 MT for 2021/2022 were up 7 percent from the previous week, but down 29 percent from the prior 4-week average.

Increases primarily for Guatemala (50,000 MT, including decreases of 800 MT), unknown destinations (28,000 MT), Mexico (24,800 MT, including decreases of 3,500 MT), the Dominican Republic (24,000 MT), and Canada (7,400 MT), were offset by reductions for Thailand (4,600 MT), Belgium (2,100 MT), Colombia (1,200 MT), and the Leeward Windward Islands (100 MT).

Net sales reductions of 1,000 MT for 2022/2023 were for Japan (600 MT) and the Netherlands (400 MT).

Exports of 263,900 MT were down 5 percent from the previous week, but up 19 percent from the prior 4-week average.

The destinations were primarily to the Philippines (92,200 MT), Thailand (45,400 MT), Colombia (26,800 MT), Mexico (26,400 MT), and Canada (22,200 MT).

Soybean Oil

Net sales of 49,300 MT for 2021/2022 were up 17 percent from the previous week and 50 percent from the prior 4-week average.

Increases primarily for India (30,000 MT), Algeria (22,000 MT switched from unknown destinations), Mexico (19,200 MT), Guatemala (18,000 MT), and the Dominican Republic (600 MT), were offset by reductions for unknown destinations (22,000 MT) and Morocco (19,000 MT).

Exports of 44,400 MT were up noticeably from the previous week and from the prior 4-week average. The destinations were to Algeria (22,000 MT), South Korea (19,000 MT), Mexico (2,900 MT), and Canada (500 MT).

(By Commoditiescontrol Bureau)


       
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