NEW DELHI, June 15 (Commoditiescontrol) : US soybean net sales were at 478,400 metric tonnes (MT) for the week ended June 8 in the marketing year 2022/2023 starting September 1, up noticeably from the previous week and from the prior 4-week average.
US soybean net sales were at 207,200 MT for the week ended June 1.
Net sales were primarily for Spain (218,700 MT, including 50,000 MT switched from unknown destinations), unknown destinations (92,400 MT), Mexico (86,500 MT, including decreases of 200 MT), Indonesia (31,400 MT, including decreases of 900 MT), and Japan (20,100 MT, including decreases of 300 MT), were offset by reductions for South Korea (2,500 MT).
Net sales of 48,500 MT for 2023/2024 were reported for Mexico (43,500 MT) and Taiwan (5,000 MT). Exports of 141,300 MT were down 43 percent from the previous week and 41 percent from the prior 4-week average. The destinations were primarily to Spain (53,700 MT), Mexico (33,900 MT), Indonesia (18,400 MT), Venezuela (11,000 MT), and China (7,600 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. The current exports for own account outstanding balance of 1,700 MT are for Canada (1,400 MT) and Taiwan (300 MT).
Soybean Cake and Meal
Net sales of 207,700 MT for 2022/2023 were up 17 percent from the previous week, but down 26 percent from the prior 4-week average.
Increases primarily for Mexico (51,700 MT, including decreases of 1,900 MT), Canada (33,200 MT), unknown destinations (23,500 MT), Colombia (19,100 MT, including 10,000 MT switched from unknown destinations), and Honduras (17,900 MT, including 6,000 MT switched from El Salvador, 600 MT switched from Costa Rica, and decreases of 8,500 MT), were offset by reductions for Poland (18,800 MT), El Salvador (6,000 MT), Trinidad and Tobago (3,400 MT), Belgium (1,300 MT), and Costa Rica (600 MT).
Total net sales of 18,200 MT for 2023/2024 were for Canada. Exports of 273,800 MT were up 40 percent from the previous week and 13 percent from the prior 4-week average. The destinations were primarily to the Philippines (52,300 MT), Mexico (36,500 MT), Ecuador (31,900 MT), Poland (31,200 MT), and Colombia (25,100 MT).
Soybean Oil
Net sales of 2,000 MT for 2022/2023 were down noticeably from the previous week and down 6 percent from the prior 4-week average.
Increases reported for Mexico (1,100 MT) and Canada (1,000 MT), were offset by reductions for Sri Lanka (100 MT). Total net sales reductions of 100 MT for 2023/2024 were for Mexico.
Exports of 9,600 MT were up noticeably from the previous week and up 99 percent from the prior 4-week average. The destinations were to Mexico (9,100 MT) and Canada (500 MT).
(By Commoditiescontrol Bureau)
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