NEW DELHI, Mar 23 (Commoditiescontrol) : US soybean net sales were at 152,500 metric tonnes (MT) for the week ended March 16 in the marketing year 2022/2023 starting September 1, down 77 percent from the previous week and 55 percent from the prior 4-week average.
US soybean net sales were at 665,000 MT for the week ended March 9.
Net sales were primarily for China (137,700 MT, including 126,000 MT switched from unknown destinations and decreases of 6,500 MT), Mexico (76,700 MT, including decreases of 700 MT), the Netherlands (65,000 MT, including 62,000 MT switched from unknown destinations), Japan (52,800 MT, including decreases of 18,000 MT), and Algeria (42,500 MT, including 45,000 MT switched from unknown destinations and decreases of 2,500 MT), were offset by reductions primarily for unknown destinations (222,000 MT).
Net sales of 199,000 MT for 2023/2024 were reported for unknown destinations (132,000 MT) and China (67,000 MT). Exports of 704,300 MT were down 8 percent from the previous week and 26 percent from the prior 4-week average. The destinations were primarily to China (420,900 MT), the Netherlands (65,000 MT), Egypt (50,300 MT), Algeria (42,500 MT), and Mexico (42,500 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 of 1,600 MT are for Canada (1,500 MT) and Taiwan (100 MT).
Export Adjustments: Accumulated exports of soybeans to Colombia were adjusted down 9,624 MT for week ending March 9th. This shipment was reported in error.
Soybean Cake and Meal
Net sales of 121,100 MT for 2022/2023 were down 45 percent from the previous week and 38 percent from the prior 4-week average. Increases primarily for Canada (33,400 MT, including decreases of 1,800 MT), the Philippines (19,700 MT, including decreases of 300 MT), Venezuela (12,500 MT), Costa Rica (12,000 MT), and Panama (6,900 MT), were offset by reductions for Japan (1,600 MT).
Exports of 269,300 MT were down 20 percent from the previous week, but up 3 percent from the prior 4-week average. The destinations were primarily to Chile (49,300 MT), Colombia (49,000 MT), Poland (47,700 MT), Ecuador (31,900 MT), and Mexico (29,700 MT).
Late Reporting: For 2022/2023, net sales totaling 2,000 MT of soybean cake and meal were reported late for Malaysia. Exports of 1,600 MT were late to Malaysia.
Soybean Oil
Net sales of 10,800 MT for 2022/2023--a marketing-year high--were up noticeably from the previous week and from the prior 4-week average.
Increases were reported for Mexico (10,700 MT) and Canada (100 MT, including decreases of 100 MT). Exports of 300 MT were down 7 percent from the previous week and 80 percent from the prior 4-week average. The destination was to Canada.
(By Commoditiescontrol Bureau)
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