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US soybean net export sales for Nov 11-17 down noticeably W/W at 690,100 MT

25 Nov 2022 7:35 pm
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NEW DELHI, Nov 25 : US soybean net sales were at 690,100 metric tonnes (MT) for the week ended November 17 in the marketing year 2022/2023 starting September 1, down noticeably from the previous week.

US soybean net sales were at 3,030,100 MT for the week ended November 10.

Net sales were primarily for China (715,200 MT, including 330,000 MT switched from unknown destinations and decreases of 20,300 MT), the Netherlands (177,500 MT, including 176,000 MT switched from unknown destinations and decreases of 5,000 MT), Mexico (119,400 MT, including 47,500 MT switched from unknown destinations and decreases of 12,800 MT), Vietnam (73,700 MT, including 66,000 MT switched from unknown destinations), and Germany (69,700 MT), were offset by reductions primarily for unknown destinations (563,300 MT).

Total net sales of 10,000 MT for 2023/2024 were for Japan. Exports of 2,432,600 MT were primarily to China (1,901,800 MT), the Netherlands (177,500 MT), Mexico (86,400 MT), Vietnam (75,900 MT), and Germany (69,700 MT).

Optional Origin Sales: For 2022/2023, the current outstanding balance of 300 MT, all South Korea.

Export for Own Account: For 2022/2023, the current exports for own account outstanding balance is 47,300 MT, all Canada.

Export Adjustments: Accumulated exports of soybeans to the Netherlands were adjusted down 69,740 MT for week ending November 10th. The correct destination for this shipment is Germany.

Soybean Cake and Meal

Net sales of 516,400 MT for 2022/2023 primarily for the Philippines (99,200 MT, including decreases of 100 MT), Ecuador (90,800 MT), Mexico (61,800 MT), Colombia (52,500 MT), and Chile (45,000 MT), were offset by reductions for Belgium (500 MT).

Total net sales of 17,100 MT for 2023/2024 were for Canada. Exports of 227,100 MT were primarily to the Philippines (50,800 MT), Guatemala (44,900 MT), Ecuador (39,800 MT), Canada (30,100 MT), and Venezuela (26,000 MT).

Soybean Oil

Net sales reductions of 100 MT for 2022/2023 resulting in increases for Mexico (1,000 MT), were more than offset by reductions for Canada (1,100 MT). Exports of 1,000 MT were primarily to Canada (800 MT).

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