NEW DELHI, May 19 (Commoditiescontrol) - US net soybean sales were at 752,700 metric tonnes (MT) for the week ended May 12 in the marketing year 2021/2022 starting September 1, up noticeably from the previous week and 65 percent from the prior 4-week average.
US net soybean sales were at 143,700 MT for the week ended May 5.
Increases were primarily for China (392,600 MT, including 57,000 MT switched from unknown destinations and 72,600 MT - late), the Netherlands (84,600 MT, including 78,000 MT switched from unknown destinations), Egypt (58,300 MT, including 55,000 MT switched from unknown destinations and decreases of 5,800 MT), Taiwan (55,500 MT, including decreases of 13,700 MT), and Bangladesh (55,000 MT), were offset by reductions for unknown destinations (110,800 MT).
Net sales of 149,500 MT for 2022/2023 were reported for unknown destinations (113,500 MT), Taiwan (16,000 MT), Mexico (12,000 MT), and China (8,000 MT).
Exports of 957,200 MT were up noticeably from the previous week and 45 percent from the prior 4-week average. The destinations were primarily to Egypt (271,300 MT), China (230,800 MT, including 72,600 MT - late), Mexico (141,500 MT), Indonesia (88,200 MT), and the Netherlands (84,600 MT).
Export for Own Account: For 2021/2022, the current exports for own account outstanding balance is 62,400 MT, all Canada.
Late Reporting: For 2021/20222, net sales and exports totaling 72,600 MT of soybeans was reported late for China.
Soybean Cake and Meal
Net sales of 293,100 MT for 2021/2022 were up 61 percent from the previous week and 75 percent from the prior 4-week average.
Increases primarily for Mexico (97,300 MT), the Philippines (48,200 MT), Ecuador (35,000 MT), Colombia (32,800 MT, including decreases of 1,900 MT), and unknown destinations (30,600 MT), were offset by reductions primarily for Peru (15,000 MT).
Exports of 192,100 MT were down 19 percent from the previous week and 25 percent from the prior 4-week average. The destinations were primarily to Colombia (56,800 MT), the Philippines (47,200 MT), Mexico (26,200 MT), the United Kingdom (19,800 MT), and Canada (19,100 MT).
Soybean Oil
Net sales reductions of 500 MT for 2021/2022 were down noticeably from the previous week and from the prior 4-week average. Increases primarily for Mexico (100 MT) and Canada (100 MT), were more than offset by reductions for South Korea (700 MT).
Exports of 3,000 MT were down 89 percent from the previous week and 78 percent from the prior 4-week average. The destinations were primarily to Mexico (2,300 MT) and Canada (500 MT).
(By Commoditiescontrol Bureau)
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