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US Soybean Net Export Sales for May 13-19 down 63% W/W at 276,800 MT

26 May 2022 6:10 pm
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NEW DELHI, May 26 (Commoditiescontrol) - US net soybean sales were at 276,800 metric tonnes (MT) for the week ended May 19 in the marketing year 2021/2022 starting September 1, down 63 percent from the previous week and 48 percent from the prior 4-week average.

US net soybean sales were at 752,700 MT for the week ended May 12.

Increases were primarily for Egypt (132,600 MT), Japan (123,600 MT, including 20,100 MT switched from unknown destinations and decreases 600 MT), the Netherlands (66,000 MT, including 60,000 MT switched from unknown destinations), Indonesia (58,000 MT, including 55,000 MT switched from unknown destinations and decreases of 500 MT), and Mexico (54,700 MT, including decreases of 3,100 MT), were offset by reductions primarily for China (108,400 MT), Taiwan (54,800 MT), and unknown destinations (6,900 MT).

Net sales of 443,000 MT for 2022/2023 were reported for unknown destinations (284,000 MT), Mexico (95,000 MT), and Taiwan (64,000 MT). Exports of 539,500 MT were down 44 percent from the previous week and 20 percent from the prior 4-week average. The destinations were primarily to China (169,700 MT), Mexico (90,300 MT), Egypt (67,600 MT), Indonesia (66,400 MT), and the Netherlands (66,000 MT).

Export for Own Account: For 2021/2022, new optional origin sales of 28,700 MT were reported for Canada. The current exports for own account outstanding balance is 91,100 MT, all Canada.

Soybean Cake and Meal

Net sales of 159,600 MT for 2021/2022 were down 46 percent from the previous week and 30 percent from the prior 4-week average.

Increases primarily for Colombia (60,500 MT), the Dominican Republic (23,000 MT), Honduras (17,500 MT, including decreases of 600 MT), Canada (15,100 MT, including decreases of 9,000 MT), and Costa Rica (12,000 MT), were offset by reductions for Morocco (1,200 MT) and Belgium (800 MT).

Net sales of 24,200 MT for 2022/2023 were reported for Costa Rica (14,700 MT), Panama (7,100 MT), and Canada (2,400 MT). Exports of 187,500 MT were down 2 percent from the previous week and 18 percent from the prior 4-week average. The destinations were primarily to the Philippines (48,600 MT), Ecuador (31,700 MT), Mexico (29,200 MT), Colombia (16,900 MT), and Morocco (16,800 MT).

Soybean Oil

Net sales of 6,200 MT for 2021/2022 were up noticeably from the previous week and up 34 percent from the prior 4-week average.

Increases primarily for Jamaica (7,000 MT), were offset by reductions for Canada (1,700 MT). Exports of 1,800 MT were down 40 percent from the previous week and 86 percent from the prior 4-week average. The destinations were primarily to Guatemala (800 MT), Mexico (400 MT), and Canada (400 MT).

(By Commoditiescontrol Bureau)


       
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