NEW DELHI, May 11 (Commoditiescontrol) : US soybean net sales were at 62,200 metric tonnes (MT) for the week ended May 4 in the marketing year 2022/2023 starting September 1, down 79 percent from the previous week and 68 percent from the prior 4-week average.
US soybean net sales were at 289,700 MT for the week ended April 27.
Net sales were primarily for Indonesia (88,800 MT, including 68,000 MT switched from unknown destinations), the Netherlands (57,700 MT, including 62,000 MT switched from unknown destinations and decreases of 4,300 MT), Japan (52,900 MT, including decreases of 3,100 MT), Colombia (4,700 MT), and Egypt (3,000 MT), were offset by reductions for unknown destinations (120,200 MT), Portugal (23,000 MT), and China (6,000 MT).
Net sales of 50,100 MT for 2023/2024 were reported for Portugal (23,000 MT), Mexico (19,100 MT), and China (8,000 MT).
Exports of 411,000 MT were down 27 percent from the previous week and 18 percent from the prior 4-week average. The destinations were primarily to Indonesia (82,600 MT), Mexico (74,300 MT), China (72,300 MT), the Netherlands (57,700 MT), and Japan (42,400 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, exports of 3,727 MT of soybeans were late to Colombia.
Soybean Cake and Meal
Net sales of 277,800 MT for 2022/2023 were up 55 percent from the previous week and 52 percent from the prior 4-week average.
Increases primarily for Vietnam (55,000 MT), Romania (40,000 MT), Canada (37,500 MT, including decreases of 7,500 MT), Algeria (35,000 MT), and Morocco (28,000 MT), were offset by reductions for Guatemala (5,800 MT), Costa Rica (1,700 MT), and Colombia (200 MT).
Net sales reductions of 11,000 MT for 2023/2024 resulting in increases for Canada (1,000 MT), were more than offset by reductions for Ecuador (12,000 MT).
Exports of 188,100 MT were down 21 percent from the previous week and 19 percent from the prior 4-week average. The destinations were primarily to the Philippines (49,400 MT), Ecuador (32,000 MT), Mexico (31,000 MT), Canada (23,800 MT), and Colombia (12,200 MT).
Soybean Oil
Total net sales of 300 MT for 2022/2023 were down 98 percent from the previous week and 92 percent from the prior 4-week average.
Increases were for Canada. Exports of 400 MT were down 98 percent from the previous week and 94 percent from the prior 4-week average. The destination was to Canada.
(By Commoditiescontrol Bureau)
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