NEW DELHI, June 2 (Commoditiescontrol) : US soybean net sales were at 123,400 metric tonnes (MT) for the week ended May 25 in the marketing year 2022/2023 starting September 1, up 7 percent from the previous week and 16 percent from the prior 4-week average.
US soybean net sales were at 115,000 MT for the week ended May 18.
Net sales were primarily for Indonesia (60,200 MT, including 55,000 MT switched from unknown destinations), Mexico (32,300 MT, including decreases of 2,200 MT), Japan (28,900 MT), Colombia (20,900 MT, including 10,000 MT switched from unknown destinations and decreases of 2,200 MT), and Costa Rica (8,500 MT), were offset by reductions for unknown destinations (52,000 MT).
Net sales of 301,000 MT for 2023/2024 were reported for China (265,000 MT) and Mexico (36,000 MT). Exports of 230,800 MT were down 20 percent from the previous week and 34 percent from the prior 4-week average.
The destinations were primarily to Mexico (95,800 MT, including 10,900 - late), Indonesia (70,200 MT), Japan (22,600 MT), Colombia (17,200 MT), and Costa Rica (13,000 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 (1,400 MT) and Taiwan (200 MT).
Late Reporting: For 2022/2023, decreases of 528 MT of soybeans were late for Mexico. Exports of 10,875 MT of soybeans were late to Mexico.
Soybean Cake and Meal
Net sales of 405,400 MT for 2022/2023 were up 19 percent from the previous week and 62 percent from the prior 4-week average.
Increases primarily for the Philippines (235,900 MT, including decreases of 100 MT), Guatemala (41,300 MT), Canada (36,200 MT), Mexico (34,300 MT), and Venezuela (19,400 MT), were offset by reductions for Colombia (7,600 MT), Ireland (6,000 MT), and Nicaragua (1,800 MT).
Net sales of 61,900 MT for 2023/2024 were primarily for unknown destinations (60,000 MT) and Mexico (1,000 MT).
Exports of 259,300 MT were up 15 percent from the previous week and 11 percent from the prior 4-week average. The destinations were primarily to Colombia (75,100 MT), the Philippines (51,000 MT), Ecuador (31,600 MT), Mexico (24,000 MT), and the Dominican Republic (19,700 MT).
Soybean Oil
Net sales of 1,700 MT for 2022/2023 were down 72 percent from the previous week and 68 percent from the prior 4-week average. Increases were for Canada.
Total net sales of 3,200 MT for 2023/2024 were for Canada. Exports of 13,100 MT were up noticeably from the previous week and from the prior 4-week average. The destinations were to Mexico (12,600 MT) and Canada (500 MT).
(By Commoditiescontrol Bureau)
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