NEW DELHI, June 23 (Commoditiescontrol) : US soybean net sales were at 457,500 metric tonnes (MT) for the week ended June 15 in the marketing year 2022/2023 starting September 1, down 4 percent from the previous week, but up 98 percent from the prior 4-week average.
US soybean net sales were at 478,400 MT for the week ended June 8.
Net sales were primarily for Taiwan (117,900 MT, including 20,000 MT switched from Japan, decreases of 1,500 MT, and 89,200 MT - late), Mexico (61,700 MT), China (49,600 MT, including decreases of 500 MT and 50,000 MT - late), unknown destinations (43,600 MT), and Egypt (35,800 MT), were offset by reductions for Colombia (4,300 MT), Bangladesh (500 MT), and Senegal (200 MT).
Net sales of 168,800 MT for 2023/2024 were reported for Mexico (126,900 MT), Taiwan (28,500 MT), China (8,000 MT), and Malaysia (5,400 MT).
Exports of 387,800 MT were up noticeably from the previous week and up 71 percent from the prior 4-week average. The destinations were primarily to Taiwan (90,500 MT, including 79,400 MT - late), Egypt (67,800 MT), China (53,500 MT, including 49,300 MT - late), Nepal (35,300 MT - late), and Indonesia (29,200 MT, including 9,100 MT - late).
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 1,800 MT are for Canada (1,400 MT) and Taiwan (400 MT).
Late Reporting: For 2022/2023, net sales totaling 257,196 MT of soybeans were reported late for Taiwan (89,250 MT), China (50,000 MT), Nepal (36,000 MT), Thailand (32,000 MT), the Philippines (21,750 MT), Vietnam (14,606 MT), Indonesia (9,340 MT), and Malaysia (4,250 MT).
Exports of 241,528 MT were late to Taiwan (79,397 MT), China (49,291 MT), Nepal (35,347 MT), Thailand (28,545 MT), the Philippines (21,304 MT), Vietnam (14,303 MT), Indonesia (9,060 MT), and Malaysia (4,281 MT).
Soybean Cake and Meal
Net sales of 135,300 MT for 2022/2023 were down 35 percent from the previous week and 52 percent from the prior 4-week average.
Increases primarily for the United Kingdom (27,500 MT, including decreases of 2,500 MT), Venezuela (21,500 MT, including 25,000 MT switched from unknown destinations and decreases of 3,500 MT), Canada (20,100 MT, including decreases of 1,000 MT), Mexico (17,700 MT), and Indonesia (17,000 MT), were offset by reductions primarily for unknown destinations (19,000 MT), Panama (7,100 MT), Guyana (3,400 MT), Belgium (2,400 MT), and Japan (1,100 MT).
Net sales of 11,100 MT for 2023/2024 were primarily for Panama (8,000 MT), Canada (1,100 MT), Japan (900 MT), and Guatemala (500 MT).
Exports of 324,000 MT were up 18 percent from the previous week and 36 percent from the prior 4-week average. The destinations were primarily to the Philippines (90,100 MT), Romania (43,600 MT), Algeria (34,000 MT), the United Kingdom (30,500 MT), and the Dominican Republic (28,400 MT).
Soybean Oil
Net sales of 200 MT for 2022/2023 were down 90 percent from the previous week and 91 percent from the prior 4-week average.
Increases were primarily for Canada (100 MT). Exports of 600 MT were down 94 percent from the previous week and 90 percent from the prior 4-week average.
The destinations were to Canada (400 MT) and the Dominican Republic (200 MT).
(By Commoditiescontrol Bureau)