MUMBAI, 25 Oct (Commoditiescontrol): The USDA weekly export sales report for the week ended October 17th, reveals a robust increase in soybean trade for the 2024/2025 marketing year. Net soybean sales amounted to 2,151,700 metric tons (MT), marking a 26% rise from the previous week and a 47% increase over the prior four-week average. This strong performance underscores heightened global demand, particularly driven by China and other key buyers. In parallel, exports for the week reached 2,446,500 MT, registering a 32% increase over the previous week, reflecting both an uptick in shipments and growing international interest in U.S. soybeans.
China emerged as the primary driver behind the surge in soybean sales, purchasing 1,289,200 MT. This figure included 396,000 MT switched from unknown destinations, demonstrating the reallocation of earlier commitments to more definitive orders. Other notable buyers included Mexico, which acquired 208,100 MT, and Japan, with sales of 83,400 MT (including 30,000 MT shifted from unknown destinations). In addition, Taiwan added 72,000 MT to its purchases. However, there were reductions from countries like Turkey (45,400 MT), Canada (19,800 MT), and Sri Lanka (400 MT), offsetting some of the gains.
The export side reflected similarly positive trends. Shipments for the week totaled 2,446,500 MT, with China receiving the bulk—1,805,000 MT—highlighting its dominant position in the U.S. soybean trade. Other significant export destinations included Mexico (133,000 MT), Japan (85,500 MT), Egypt (66,000 MT), and Switzerland (65,800 MT). This upward trend in exports signals strong trade momentum and sustained demand in the global market.
In the soybean derivatives segment, soybean cake and meal reported more moderate activity. Net sales amounted to 159,900 MT, with the largest buyers being Colombia (66,400 MT), Mexico (33,100 MT), and El Salvador (24,500 MT). However, reductions of 36,900 MT from unknown destinations slightly tempered the net sales figures. Exports for the week stood at 232,200 MT, with major shipments to Vietnam (50,700 MT), Honduras (36,900 MT), and Venezuela (29,000 MT). These numbers reflect stable demand for soybean meal in international markets, especially across Asia and Latin America.
Soybean oil also experienced moderate demand during the week. Net sales totaled 29,000 MT, with Mexico leading the orders at 21,400 MT. Other buyers included the Dominican Republic (4,500 MT) and Jamaica (1,000 MT). Exports, however, were limited to 1,900 MT, with Canada (1,200 MT) and Mexico (500 MT) being the primary destinations. Although soybean oil sales were not as strong as whole soybeans, the steady demand from Mexico continues to support the trade figures.
The report also highlights updates for export for own account, with an outstanding balance of 3,900 MT. This balance includes sales to Taiwan (1,500 MT), Canada (1,400 MT), Bangladesh (500 MT), and Malaysia (500 MT). Additionally, optional origin sales saw adjustments, with 3,000 MT reallocated to Ecuador from non-U.S. sources. The remaining outstanding optional origin balance now stands at 14,800 MT, all allocated to Ecuador.
In summary, the USDA’s weekly export sales report reflects a significant increase in both soybean sales and exports. The 26% rise in sales and 32% jump in exports from the previous week highlight strong global demand, particularly from China. While soybean cake and meal, as well as soybean oil, showed more modest gains, the overall performance suggests healthy momentum in the U.S. soybean market. This trend aligns with seasonal trade patterns and signals potential for continued growth in the weeks ahead.
(By Commoditiescontrol Bureau; +91 98201 30172)
0 Comments 
Post Comment 
