NEW DELHI, April 25: US soybean net sales were at 210,900 MT for the week ended April 18 in the marketing year 2023/2024 starting September 1, down 57 percent from the previous week and 29 percent from the prior 4-week average.
US soybean net sales were at 485,800 MT for the week ended April 11.
Increases were primarily for China (167,500 MT, including 200,000 MT switched from unknown destinations and decreases of 37,800 MT), Mexico (87,800 MT, including decreases of 2,300 MT), Indonesia (67,500 MT, including 55,000 MT switched from unknown destinations and decreases of 1,200 MT), Vietnam (6,200 MT, including decreases of 100 MT), and Colombia (6,200 MT, including 6,000 MT switched from unknown destinations), were offset by reductions for unknown destinations (136,800 MT), Egypt (3,000 MT), and Canada (100 MT).
Net sales of 120,100 MT for 2024/2025 were reported for Mexico (108,000 MT), Thailand (10,000 MT), Taiwan (2,000 MT), and Japan (100 MT).
Exports of 417,500 MT were down 13 percent from the previous week and 26 percent from the prior 4-week average. The destinations were primarily to China (222,100 MT), Indonesia (73,700 MT), Mexico (73,100 MT), Colombia (12,500 MT), and Taiwan (9,900 MT).
Exports for Own Account: For 2023/2024, the current exports for own account outstanding balance of 3,300 MT are for Canada (1,400 MT), Taiwan (900 MT), Bangladesh (500 MT), and Malaysia (500 MT).
Soybean Cake and Meal
Net sales of 307,900 MT for 2023/2024 were up noticeably from the previous week and up 90 percent from the prior 4-week average.
Increases primarily for the Philippines (140,500 MT, including decreases of 100 MT), Ecuador (53,000 MT), Vietnam (49,900 MT, including 50,000 MT switched from unknown destinations and decreases of 100 MT), Venezuela (37,500 MT, including 6,000 MT switched from Colombia and decreases of 5,000 MT), and Guatemala (32,300 MT), were offset by reductions for unknown destinations (82,500 MT), Costa Rica (9,700 MT), Belgium (1,200 MT), Japan (900 MT), and Burma (500 MT).
Net sales of 35,100 MT for 2024/2025 were reported for Canada (28,900 MT) and Mexico (6,200 MT). Exports of 189,900 MT were down 46 percent from the previous week and 36 percent from the prior 4-week average.
The destinations were primarily to Colombia (41,000 MT), Mexico (38,400 MT), Morocco (27,200 MT), Canada (19,900 MT), and Panama (19,300 MT).
Soybean Oil
Net sales of 16,200 MT for 2023/2024 were up noticeably from the previous week and from the prior 4-week average.
Increases reported for Colombia (12,000 MT), the Dominican Republic (3,500 MT), Venezuela (2,000 MT switched from unknown destinations), and Mexico (700 MT), were offset by reductions for unknown destinations (2,000 MT).
Exports of 3,000 MT were up 84 percent from the previous week, but down 49 percent from the prior 4-week average. The destinations were primarily Venezuela (2,000 MT) and Mexico (800 MT).
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