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US Soybean Net Export Sales for Jan 14-20 up 53% W/W at 1,025,500 MT

27 Jan 2022 7:07 pm
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NEW DELHI, Jan 27 (Commoditiescontrol) - US net soybean sales were at 1,025,500 metric tonnes (MT) for the week ended January 20 in the marketing year 2021/2022 starting September 1, up 53 percent from the previous week and 77 percent from the prior 4-week average.

US net soybean sales were at 671,000 MT for the week ended January 13.

Increases were primarily for China China (540,200 MT, including 132,000 MT switched from unknown destinations and decreases of 2,600 MT), Mexico (345,300 MT, including decreases of 67,200 MT), Spain (105,900 MT, including 97,000 MT switched from unknown destinations), the Netherlands (84,200 MT, including 80,000 MT switched from unknown destinations and decreases 1,800 MT), and Japan (79,000 MT, including 70,500 MT switched from unknown destinations and decreases of 100 MT), were offset by reductions primarily for unknown destinations (405,800 MT).

Net sales of 202,800 MT for 2022/2023 were reported for China (198,000 MT) and Japan (4,800 MT).

Exports of 1,594,100 MT were down 12 percent from the previous week, but up 1 percent from the prior 4-week average.

The destinations were primarily to China (844,400 MT, including 138,300 MT - late), Mexico (111,200 MT), Spain (105,900 MT), Japan (89,900 MT), and the Netherlands (84,200 MT).

Export for Own Account: For 2021/2022, the current exports for own account outstanding balance is 3,000 MT, all Canada.

Late Reporting: For 2021/2022, export totaling 138,300 MT of soybeans were reported late to China.

Soybean Cake and Meal

Net sales of 330,100 MT for 2021/2022 were up 5 percent from the previous week and up noticeably from the prior 4-week average.

Increases primarily for Ecuador (70,900 MT), Vietnam (50,000 MT switched from Thailand), the Philippines (48,800 MT), Honduras (37,000 MT), and Guatemala (36,700 MT), were offset by reductions primarily for Thailand (53,000 MT) and Mexico (44,300 MT).

Net sales reductions of 99,000 MT for 2022/2023 resulting in increases for Canada (600 MT) and Japan (400 MT), were more than offset by reductions for Spain (100,000 MT).

Exports of 327,100 MT were up 26 percent from the previous week and 51 percent from the prior 4-week average.

The destinations were primarily to Ecuador (70,300 MT), the Philippines (51,700 MT), Denmark (48,700 MT), Thailand (47,000 MT), and Morocco (29,700 MT).

Optional Origin Sales: For 2021/2022, the current outstanding balance of 50,000 MT is for Venezuela.

Soybean Oil

Net sales of 12,200 MT for 2021/2022 were down 61 percent from the previous week, but up 22 percent from the prior 4-week average.

Increases were primarily for Mexico (5,000 MT), Venezuela (3,000 MT), the Dominican Republic (2,000 MT), and Canada (1,700 MT).

Total net sales reductions of 100 MT for 2022/2023 were for Canada.

Exports of 49,900 MT--a marketing-year high--were up 1 percent from the previous week and 72 percent from the prior 4-week average.

The destinations were primarily to India (33,000 MT), Colombia (7,100 MT), the Dominican Republic (5,000 MT), Jamaica (3,500 MT), and Mexico (1,000 MT).

(By Commoditiescontrol Bureau)


       
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