NEW DELHI, May 18 (Commoditiescontrol) : US soybean net sales were at 17,000 metric tonnes (MT) for the week ended May 11 in the marketing year 2022/2023 starting September 1, down 73 percent from the previous week and 89 percent from the prior 4-week average.
US soybean net sales were at 62,200 MT for the week ended May 4.
Net sales were primarily for Mexico (34,200 MT), unknown destinations (33,600 MT), Colombia (30,900 MT, including 7,000 MT switched from unknown destinations and decreases of 500 MT), Japan (11,700 MT, including decreases of 100 MT), and the Philippines (10,900 MT), were offset by reductions for China (119,200 MT), Costa Rica (16,300 MT), and Canada (300 MT).
Net sales of 663,800 MT for 2023/2024 were reported for unknown destinations (390,000 MT), China (187,000 MT), Mexico (65,000 MT), Costa Rica (16,300 MT), and Panama (5,500 MT).
Exports of 189,100 MT were down 54 percent from the previous week and 60 percent from the prior 4-week average. The destinations were primarily to Mexico (79,700 MT), Egypt (34,300 MT), the Philippines (11,900 MT), Indonesia (11,600 MT), and Venezuela (8,500 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).
Soybean Cake and Meal
Net sales of 202,500 MT for 2022/2023 were down 27 percent from the previous week, but up 7 percent from the prior 4-week average.
Increases primarily for the Philippines (52,000 MT, including decreases of 200 MT), Colombia (27,700 MT), Guatemala (26,800 MT, including 12,000 MT switched from El Salvador), unknown destinations (25,000 MT), and Venezuela (18,900 MT, including 18,000 MT switched from Colombia), were offset by reductions primarily for Nicaragua (14,000 MT) and El Salvador (11,100 MT).
Net sales of 89,000 MT for 2023/2024 were primarily for unknown destinations (45,000 MT) and New Zealand (30,000 MT).
Exports of 285,300 MT were up 52 percent from the previous week and 24 percent from the prior 4-week average. The destinations were primarily to the Philippines (51,200 MT), Venezuela (46,400 MT), Tunisia (33,000 MT), Mexico (25,400 MT), and Guatemala (21,800 MT).
Soybean Oil
Net sales of 900 MT for 2022/2023 were up noticeably from the previous week, but down 77 percent from the prior 4-week average.
Increases were primarily for Canada (400 MT). Exports of 4,400 MT were down noticeably from the previous week, but down 21 percent from the prior 4-week average. The destinations were to Jamaica (3,500 MT), Mexico (500 MT), and Canada (400 MT).
(By Commoditiescontrol Bureau)
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