NEW DELHI, Apr 6 (Commoditiescontrol) : US soybean net sales were at 155,300 metric tonnes (MT) for the week ended March 30 in the marketing year 2022/2023 starting September 1, down 55 percent from the previous week and 42 percent from the prior 4-week average.
US soybean net sales were at 348,200 MT for the week ended March 23.
Net sales were primarily for China (162,000 MT, including 66,000 MT switched from unknown destinations and decreases of 1,400 MT), Germany (69,100 MT), Indonesia (65,700 MT, including 55,000 MT switched from unknown destinations and decreases of 1,200 MT), Egypt (27,000 MT, including decreases of 3,000 MT), and South Korea (22,800 MT, including 25,000 MT switched from unknown destinations and decreases of 2,200 MT), were offset by reductions primarily for unknown destinations (183,200 MT).
Net sales reductions of 48,300 MT for 2023/2024 resulting in increases primarily for Japan (17,600 MT), were more than offset by reductions for China (66,000 MT). Exports of 558,700 MT were down 46 percent from the previous week and 26 percent from the prior 4-week average. The destinations were primarily to China (298,900 MT), Indonesia (70,800 MT), Germany (69,100 MT), Mexico (33,800 MT), and Japan (27,200 MT).
Optional Origin Sales: For 2022/2023, the current outstanding balance of 300 MT, all South Korea.
Export for Own Account: For 2022/2023, new exports for own account totaling 100 MT were to Taiwan. Decreases of 100 MT were to Canada. The current exports for own account outstanding balance of 1,600 MT are for Canada (1,400 MT) and Taiwan (200 MT).
Export Adjustments: Accumulated exports of soybeans to the Netherlands were adjusted down 69,128 MT for week ending March 23rd. The correct destination for this shipment is Germany.
Soybean Cake and Meal
Net sales of 245,500 MT for 2022/2023 were down 35 percent from the previous week and 6 percent from the prior 4-week average.
Increases primarily for Morocco (55,200 MT, including 23,000 MT switched from Spain), Colombia (47,100 MT, including decreases of 49,200 MT), Ecuador (40,100 MT, including decreases of 20,000 MT), Guatemala (20,900 MT, including 7,200 MT switched from Panama), and Honduras (20,200 MT), were offset by reductions primarily for Spain (36,000 MT), Panama (5,900 MT), and Nicaragua (2,700 MT).
Total net sales of 32,000 MT for 2023/2024 were for Ecuador. Exports of 363,200 MT--a marketing-year high--were up 51 percent from the previous week and 30 percent from the prior 4-week average. The destinations were primarily to Colombia (132,500 MT), the Philippines (33,200 MT), Mexico (26,300 MT), Morocco (25,200 MT), and Ecuador (24,100 MT).
Soybean Oil
Net sales of 27,600 MT for 2022/2023--a marketing-year high--were up noticeably from the previous week and from the prior 4-week average. Increases were primarily for unknown destinations (20,000 MT), Jamaica (7,000 MT), and Canada (400 MT).
Exports of 900 MT were up noticeably from the previous week and from the prior 4-week average. The destinations were to Canada (500 MT) and Mexico (400 MT).
(By Commoditiescontrol Bureau)
0 Comments 
Post Comment 
