NEW DELHI, Dec 14: US soybean net sales were at 1,084,000 metric tonnes (MT) for the week ended December 7 in the marketing year 2023/2024 starting September 1, down 23 percent from the previous week and 46 percent from the prior 4-week average.
US soybean net sales were at 1,517,600 MT for the week ended November 30.
Increases were primarily for China (718,300 MT, including 196,500 MT switched from unknown destinations, 66,000 MT switched from Pakistan, and decreases of 66,000 MT), Germany (113,200 MT), the Netherlands (85,000 MT, including 83,000 MT switched from unknown destinations), Thailand (66,500 MT, including 60,000 MT switched from unknown destinations and decreases of 5,300 MT), and Turkey (60,000 MT), were offset by reductions primarily for unknown destinations (144,300 MT), Pakistan (66,000 MT), and Japan (24,100 MT).
Exports of 1,159,700 MT were down 5 percent from the previous week and 25 percent from the prior 4-week average. The destinations were primarily to China (588,700 MT), Germany (113,200 MT), Mexico (94,900 MT), the Netherlands (85,000 MT), and Egypt (68,200 MT).
Exports for Own Account: For 2023/2024, the current exports for own account outstanding balance of 2,100 MT are for Canada (1,400 MT) and Taiwan (700 MT).
Export Adjustment: Accumulated exports of soybeans to the Netherlands were adjusted down 113,203 MT for the week ending November 30th. The correct destination for this shipment is Germany.
Soybean Cake and Meal
Net sales of 325,800 MT for 2023/2024 were up noticeably from the previous week and from the prior 4-week average.
Increases primarily for the Philippines (189,900 MT), Mexico (48,000 MT), Canada (46,600 MT), the United Kingdom (33,200 MT, including 20,000 MT switched from unknown destinations, 14,000 MT switched from Ireland, and decreases of 800 MT), and Poland (27,700 MT switched from unknown destinations), were offset by reductions primarily for unknown destinations (89,800 MT), El Salvador (19,600 MT), Ireland (19,300 MT), Honduras (1,200 MT), and Belgium (700 MT).
Total net sales of 500 MT for 2024/2025 were for Canada. Exports of 321,400 MT were down 14 percent from the previous week, but up 9 percent from the prior 4-week average.
The destinations were primarily to the Philippines (49,600 MT), Mexico (33,900 MT), the United Kingdom (33,200 MT), Poland (27,700 MT), and Ireland (24,500 MT).
Soybean Oil
Total net sales of 300 MT for 2023/2024 were down noticeably from the previous week and down 63 percent from the prior 4-week average. The destination was Canada.
Exports of 300 MT were down 77 percent from the previous week and 61 percent from the prior 4-week average. The destination was Canada.
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