NEW DELHI, Jan 20 (Commoditiescontrol) : US soybean net sales were at 986,200 metric tonnes (MT) for the week ended January 12 in the marketing year 2022/2023 starting September 1, up 38 percent from the previous week and 48 percent from the prior 4-week average.
US soybean net sales were at 717,400 MT for the week ended January 5.
Net sales were primarily for China (507,000 MT, including 313,000 MT switched from unknown destinations and decreases of 80,000 MT), Mexico (262,300 MT, including decreases of 3,100 MT), Spain (244,300 MT, including 249,800 MT switched from unknown destinations and decreases of 12,000 MT), Vietnam (67,200 MT, including 55,000 MT switched from unknown destinations and decreases of 200 MT), and Pakistan (66,000 MT), were offset by reductions for unknown destinations (382,300 MT).
Exports of 2,066,200 MT were up 28 percent from the previous week and 23 percent from the prior 4-week average. The destinations were primarily to China (1,366,900 MT), Spain (244,300 MT), Mexico (161,500 MT), Vietnam (68,200 MT), and the Netherlands (58,600 MT).
Optional Origin Sales: For 2022/2023, the current outstanding balance of 300 MT, all South Korea.
Export for Own Account: For 2022/2023, the current exports for own account outstanding balance is 1,500 MT, all Canada.
Soybean Cake and Meal
Net sales of 362,500 MT for 2022/2023 were up noticeably from the previous week and from the prior 4-week average.
Increases primarily for the Philippines (54,400 MT, including decreases of 1,700 MT), Spain (50,000 MT), Ireland (48,900 MT, including 24,000 MT switched from the Philippines), Chile (45,000 MT), and Colombia (35,700 MT), were offset by reductions primarily for Israel (6,000 MT).
Exports of 299,200 MT were down 5 percent from the previous week, but up 11 percent from the prior 4-week average. The destinations were primarily to the Philippines (95,900 MT), Ecuador (38,400 MT), Mexico (35,300 MT), Ireland (26,400 MT), and Japan (25,900 MT).
Soybean Oil
Net sales of 700 MT for 2022/2023 were up 8 percent from the previous week, but down 63 percent from the prior 4-week average.
Increases were reported for Canada (500 MT) and Mexico (200 MT). Exports of 500 MT were down 8 percent from the previous week and 70 percent from the prior 4-week average. The destinations were to Canada (400 MT) and Mexico (100 MT).
(By Commoditiescontrol Bureau)
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