NEW DELHI, May 2: US soybean net sales were at 414,000 MT for the week ended April 25 in the marketing year 2023/2024 starting September 1, up 96 percent from the previous week and 45 percent from the prior 4-week average.
US soybean net sales were at 210,900 MT for the week ended April 18.
Increases were primarily for Egypt (146,000 MT), Indonesia (112,000 MT, including 55,000 MT switched from unknown destinations and decreases of 100 MT), Japan (92,800 MT, including 83,400 MT switched from unknown destinations and decreases of 2,100 MT), Taiwan (26,300 MT), and Colombia (25,600 MT, including 16,000 MT switched from unknown destinations), were offset by reductions primarily for unknown destinations (9,600 MT), Iran (5,500 MT), Jordan (1,500 MT), China (1,000 MT), and Mexico (600 MT).
Net sales of 7,000 MT for 2024/2025 were reported for Taiwan (5,000 MT) and Indonesia (2,000 MT).
Exports of 269,100 MT--a marketing-year low--were down 36 percent from the previous week and 43 percent from the prior 4-week average. The destinations were primarily to Japan (86,100 MT), Indonesia (86,000 MT), Mexico (33,300 MT), Colombia (16,100 MT), and Vietnam (13,000 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 131,000 MT for 2023/2024 were down 57 percent from the previous week and 37 percent from the prior 4-week average.
Increases primarily for the Dominican Republic (40,400 MT, including decreases of 2,500 MT), Morocco (19,900 MT, including 20,000 MT switched from unknown destinations and decreases of 100 MT), Colombia (13,000 MT, including decreases of 7,600 MT), Nicaragua (12,800 MT, including 5,200 MT switched from Guatemala and decreases of 5,100 MT), and Jamaica (10,900 MT, including 2,000 MT switched from Trinidad and Tobago), were offset by reductions for unknown destinations (20,000 MT), Vietnam (14,500 MT), and Japan (800 MT).
Total net sales of 3,400 MT for 2024/2025 were for Canada. Exports of 295,800 MT were up 56 percent from the previous week and 8 percent from the prior 4-week average. The destinations were primarily to the Philippines (99,300 MT), Colombia (65,000 MT), Mexico (27,100 MT), Honduras (19,900 MT), and Canada (19,900 MT).
Soybean Oil
Net sales of 7,200 MT for 2023/2024 were down 56 percent from the previous week, but up 21 percent from the prior 4-week average.
Increases were primarily for Jamaica (3,500 MT), Colombia (2,900 MT, including decreases of 500 MT), and Canada (400 MT).
Exports of 2,200 MT were down 26 percent from the previous week and 53 percent from the prior 4-week average. The destinations were to Mexico (1,900 MT) and Canada (300 MT).
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