NEW DELHI, Mar 30 (Commoditiescontrol) : US soybean net sales were at 348,200 metric tonnes (MT) for the week ended March 23 in the marketing year 2022/2023 starting September 1, up noticeably from the previous week and up 36 percent from the prior 4-week average.
US soybean net sales were at 152,500 MT for the week ended March 16.
Net sales were primarily for China China (153,000 MT, including 132,000 MT switched from unknown destinations), the Netherlands (69,100 MT, including 62,000 MT switched from unknown destinations), Indonesia (67,000 MT, including 55,000 MT switched from unknown destinations), Germany (65,000 MT), and Egypt (64,900 MT, including decreases of 100 MT), were offset by reductions for unknown destinations (212,900 MT).
Total net sales of 3,900 MT for 2023/2024 were for Japan. Exports of 1,039,000 MT were up 63 percent from the previous week and 48 percent from the prior 4-week average. The destinations were primarily to China (543,200 MT), Mexico (119,000 MT), Indonesia (74,100 MT), the Netherlands (69,100 MT), and Germany (65,000 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 the Netherlands were adjusted down 65,020 MT for week ending March 16th. The correct destination for this shipment is Germany.
Late Reporting: For 2022/2023, net sales totaling 29,698 MT of soybeans were reported late for Taiwan (19,246 MT), Malaysia (5,000 MT), Vietnam (4,422 MT), and Bangladesh (1,030 MT). Exports of 29,230 MT were late to Taiwan (19,246 MT), Malaysia (4,532 MT), Vietnam (4,422 MT), and Bangladesh (1,000 MT).
Soybean Cake and Meal
Net sales of 377,900 MT for 2022/2023 were up noticeably from the previous week and up 81 percent from the prior 4-week average. Increases primarily for the Philippines (95,800 MT), Colombia (44,900 MT, including decreases of 1,000 MT), Costa Rica (36,400 MT, including 4,300 MT switched from Nicaragua, 3,000 MT switched from El Salvador, and decreases of 5,100 MT), Ecuador (33,900 MT), and Canada (32,700 MT), were offset by reductions for Honduras (1,500 MT), Belgium (400 MT), and Madagascar (100 MT).
Total net sales of 10,000 MT for 2023/2024 were for Ireland. Exports of 240,400 MT were down 11 percent from the previous week and 10 percent from the prior 4-week average. The destinations were primarily to the Philippines (47,600 MT), Ecuador (31,900 MT), the Dominican Republic (28,500 MT), Venezuela (27,500 MT), and Canada (21,100 MT).
Late Reporting: For 2022/2023, net sales totaling 10,661 MT of soybean cake and meal were reported late for Sri Lanka (6,000 MT), Burma (2,000 MT), Qatar (1,000 MT), Indonesia (801 MT), Hong Kong (600 MT), and Liberia (260 MT). Exports of 9,949 MT were late to Sri Lanka (5,484 MT), Burma (1,995 MT), Qatar (997 MT), Indonesia (801 MT), Hong Kong (412 MT), and Liberia (260 MT).
Soybean Oil
Net sales of 2,000 MT for 2022/2023 were down 82 percent from the previous week and 66 percent from the prior 4-week average. Increases were reported for Mexico (1,500 MT) and Canada (500 MT). Exports of 400 MT were up 13 percent from the previous week, but down 8 percent from the prior 4-week average. The destination was Canada.
(By Commoditiescontrol Bureau)
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