NEW DELHI, June 29 (Commoditiescontrol) : US soybean net sales were at 227,400 metric tonnes (MT) for the week ended June 22 in the marketing year 2022/2023 starting September 1, down 50 percent from the previous week and 28 percent from the prior 4-week average.
US soybean net sales were at 457,500 MT for the week ended June 15.
Net sales were primarily for Mexico (87,000 MT, including decreases of 2,500 MT), unknown destinations (52,800 MT), Japan (38,700 MT, including 39,200 MT switched from unknown destinations and decreases of 1,200 MT), Indonesia (31,000 MT), and Taiwan (9,400 MT), were offset by reductions for the Philippines (100 MT).
Net sales of 17,000 MT for 2023/2024 reported for Mexico (20,000 MT), were offset by reductions for China (3,000 MT).
Exports of 191,000 MT were down 51 percent from the previous week and 24 percent from the prior 4-week average. The destinations were primarily to Mexico (99,000 MT), Japan (44,700 MT), Indonesia (11,400 MT), Colombia (9,900 MT), and Taiwan (7,000 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 1,800 MT are for Canada (1,400 MT) and Taiwan (400 MT).
Soybean Cake and Meal
Net sales of 104,800 MT for 2022/2023 were down 23 percent from the previous week and 55 percent from the prior 4-week average.
Increases primarily for the Dominican Republic (20,500 MT, including decreases of 800 MT), Mexico (18,000 MT), El Salvador (17,800 MT, including 12,000 MT switched from Nicaragua, 700 MT switched from Guatemala, and decreases of 1,000 MT), Colombia (12,300 MT, including decreases of 14,600 MT), and Canada (9,300 MT), were offset by reductions for Nicaragua (12,000 MT) and Ecuador (100 MT).
Net sales of 68,700 MT for 2023/2024 were primarily for Mexico (38,100 MT), Canada (17,100 MT), and El Salvador (13,100 MT).
Exports of 251,300 MT were down 22 percent from the previous week and 5 percent from the prior 4-week average.
The destinations were primarily to the Philippines (49,500 MT), Colombia (43,500 MT), Mexico (33,700 MT), Ecuador (24,900 MT), and Canada (20,800 MT).
Soybean Oil
Net sales of 1,000 MT for 2022/2023 were up noticeably from the previous week and up 5 percent from the prior 4-week average.
Increases were primarily for Canada (900 MT). Exports of 3,900 MT were up noticeably from the previous week, but down 36 percent from the prior 4-week average.
The destinations were primarily to Jamaica (3,500 MT) and Canada (300 MT).
(By Commoditiescontrol Bureau)