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US Soybean net sales reductions for July 29- Aug 4 at 66,700 MT

11 Aug 2022 8:41 pm
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NEW DELHI, Aug 11 (Commoditiescontrol) : US soybean net sales reductions were at 66,700 metric tonnes (MT) for the week ended August 4 in the marketing year 2021/2022 starting September 1.

US soybean net sales reductions were at 58,600 MT for the week ended July 28.

Net sales reductions were primarily for Germany (152,400 MT, including 141,000 MT switched from unknown destinations and decreases of 1,500 MT), the Netherlands (151,300 MT, including 138,000 MT switched from unknown destinations), Japan (87,100 MT, including 96,000 MT switched from unknown destinations, decreases of 11,200 MT, and 8,400 MT - late), Pakistan (66,300 MT, including 66,000 MT switched from unknown destinations), and Indonesia (61,400 MT, including 55,000 MT switched from unknown destinations and decreases of 200 MT), were offset by reductions primarily for unknown destinations (569,200 MT), and China (66,400 MT).

Net sales of 477,200 MT for 2022/2023 were primarily for China (195,000 MT), unknown destinations (184,200 MT), Japan (40,000 MT), Mexico (38,600 MT), and Colombia (12,500 MT).

Exports of 894,500 MT were up 70 percent from the previous week and 92 percent from the prior 4-week average. The destinations were primarily to China (247,500 MT), Germany (152,400 MT), the Netherlands (151,300 MT), Japan (101,800 MT, including 8,400 MT - late), and Pakistan (66,300 MT).

Export for Own Account: For 2021/2022, the current exports for own account outstanding balance is 6,300 MT, all Canada.

Late Reporting: For 2021/2022, net sales and exports totaling 8,400 MT of soybeans were reported late for Japan.

Soybean Cake and Meal

Net sales of 90,900 MT for 2021/2022 were down 51 percent from the previous week, but up 9 percent from the prior 4-week average.

Increases primarily Mexico (35,600 MT, including decreases of 2,700 MT), Colombia (31,400 MT, including 21,000 MT switched from unknown destinations), Canada (12,300 MT, including decreases of 900 MT), the Dominican Republic (9,000 MT), and Trinidad and Tobago (6,900 MT, including 700 MT switched from Jamaica), were offset by reductions primarily for unknown destinations (18,000 MT), Nicaragua (6,000 MT), and Belgium (2,700 MT).

Net sales of 311,200 MT for 2022/2023 primarily for Poland (135,000 MT), the Philippines (90,000 MT), Colombia (35,600 MT), Morocco (24,000 MT), and Mexico (21,100 MT), were offset by reductions primarily for Trinidad and Tobago (5,900 MT) and Jamaica (5,900 MT).

Exports of 203,100 MT were down 17 percent from the previous week, but up 10 percent from the prior 4-week average. The destinations were primarily to the Philippines (48,900 MT), Colombia (34,300 MT), Ecuador (31,400 MT), Mexico (21,600 MT), and Canada (19,400 MT).

Soybean Oil

Net sales of 600 MT for 2021/2022 were down 51 percent from the previous week and 66 percent from the prior 4-week average. The destination was Canada.

Exports of 13,700 MT were up noticeably from the previous week and up 88 percent from the prior 4-week average. The destinations were to Guatemala (5,600 MT), Venezuela (4,000 MT), Jamaica (3,500 MT), and Canada (600 MT).

(By Commoditiecontrol Bureau)


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