NEW DELHI, Dec 9 (Commoditiescontrol) - US net soybean sales were at 1,637,900 metric tonnes (MT) for the week ended December 2 in the marketing year 2021/2022 starting September 1, up 54 percent from the previous week and 27 percent from the prior 4-week average.
US net soybean sales were at 1,063,400 MT for the week ended November 25.
Increases were primarily for China (893,400 MT, including 334,000 MT switched from unknown destinations, 61,000 MT switched from the Netherlands, and decreases of 2,100 MT), Egypt (226,800 MT, including 55,000 MT switched from unknown destinations and decreases of 4,200 MT), Spain (134,200 MT, including 125,000 MT switched from unknown destinations), Mexico (96,800 MT, including decreases of 1,600 MT), and Indonesia (93,300 MT, including 55,000 MT switched from unknown destinations and decreases of 100 MT), were offset by reductions primarily for unknown destinations (306,400 MT).
Exports of 2,433,900 MT were up 5 percent from the previous week, but down 7 percent from the prior 4-week average.
The destinations were primarily to China (1,470,600 MT), Spain (134,200 MT), the Netherlands (130,300 MT), Mexico (126,900 MT), and Taiwan (93,200 MT).
Export for Own Account: For 2021/2022, the current exports for own account totaling 66,000 MT to Canada were applied to new or outstanding sales.
The current exports for own account outstanding balance is 34,600 MT, all Canada.
Soybean Cake and Meal
Net sales of 202,500 MT for 2021/2022 were up 38 percent from the previous week and 9 percent from the prior 4-week average.
Increases primarily for Colombia (83,100 MT, including decreases of 8,300 MT), Venezuela (29,100 MT, including 6,500 MT switched from unknown destinations), Jamaica (17,500 MT), Mexico (16,400 MT), and Peru (10,000 MT), were offset by reductions primarily for unknown destinations (4,900 MT), the Dominican Republic (2,800 MT), and El Salvador (1,000 MT).
Net sales of 2,800 MT for 2022/2023 were reported for Japan (1,200 MT), the Netherlands (800 MT), and Canada (800 MT).
Exports of 305,200 MT--a marketing-year high--were up 16 percent from the previous week and 30 percent from the prior 4-week average.
The destinations were primarily to the Philippines (109,300 MT), Canada (32,500 MT), Venezuela (29,100 MT), the Dominican Republic (22,900 MT), and Colombia (22,400 MT).
Optional Origin Sales: For 2021/2022, new optional origin sales of 50,000 MT were reported for Venezuela. The current outstanding balance of 50,000 MT is for Venezuela.
Soybean Oil
Net sales of 5,300 MT for 2021/2022 were down 89 percent from the previous week and 87 percent from the prior 4-week average.
Increases were reported for Mexico (2,200 MT), Honduras (2,000 MT), the Dominican Republic (600 MT), and Canada (500 MT).
Total net sales of 100 MT for 2022/2023 were for Canada. Exports of 31,700 MT were down 29 percent from the previous week, but up 81percent from the prior 4-week average.
The destinations were to India (30,000 MT), Mexico (1,000 MT), Canada (600 MT), and Honduras (100 MT).
(By Commoditiescontrol Bureau)
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