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US Soybean Net Export Sales For July 5-11 Down 3% W/W At 127,900 MT

18 Jul 2019 6:22 pm
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NEW DELHI (Commoditiescontrol) - US net soybean sales were at 127,900 MT for the week ended July 11 in the marketing year 2018/2019, down 3 percent from the previous week and 68 percent from the prior 4-week average.

US net soybean sales were at 132,200 MT for the week ended July 4.

Increases were reported for Indonesia (123,500 MT, including 55,000 MT switched from unknown destinations and decreases of 100 MT), Germany (62,100 MT), Bangladesh (53,200 MT, including 55,000 MT switched from unknown destinations and decrease of 1,800 MT), Peru (49,800 MT, including 48,000 MT switched from unknown destinations), and Japan (22,300 MT, including 18,000 MT switched from unknown destinations and decreases of 300 MT).

Reductions were primarily for unknown destinations (171,100 MT) and Mexico (32,000 MT).

For 2019/2020, net sales of 198,400 MT were reported for unknown destinations (77,000 MT), Egypt (55,000 MT), Taiwan (42,800 MT), and Mexico (21,800 MT).

Exports of 909,000 MT were up 31 percent from the previous week and 29 percent from the prior 4-week average. The destinations were primarily to China (458,000 MT), Mexico (129,600 MT), Indonesia (75,100 MT), Germany (62,100 MT), and Bangladesh (54,200 MT).

Optional Origin: For 2019/2020, new optional origin sales of 50,000 MT were reported for unknown destinations. The current outstanding balance is 60,000 MT, all unknown destinations.

Exports for Own Account: For 2018/2019, the current exports for own account outstanding balance is 41,800 MT, all Canada.

Export Adjustment: Accumulated exports of soybeans to the Netherlands were adjusted down 62,136 MT for week ending June 13th. The correct destination is Germany and is included in this week’s report.

Soybean Cake and Meal

Net sales of 65,300 MT for 2018/2019 were up 45 percent from the previous week and 31 percent from the prior 4-week average.

Increases were reported for Ecuador (31,300 MT, including 30,000 MT switched from unknown destinations), Morocco (30,000 MT), Mexico (13,600 MT, including decreases of 1,200 MT), Canada (9,500 MT), and Jamaica (7,200 MT).

Reductions were primarily for unknown destinations (33,000 MT), Honduras (3,800 MT), the Dominican Republic (3,500 MT), and Colombia (2,000 MT).

For 2019/2020, net sales of 149,500 MT were primarily for the Philippines (90,000 MT) and Panama (46,000 MT).

Exports of 193,200 MT were up 74 percent from the previous week and 32 percent from the prior 4-week average.

The destinations were primarily to Vietnam (50,100 MT), Mexico (36,000 MT), Ecuador (31,300 MT), Canada (22,600 MT), and the Dominican Republic (13,100 MT).

Soybean Oil

Net sales of 12,200 MT for 2018/2019 were up 43 percent, but down 6 percent from the prior 4-week average.

Increases were reported for Guatemala (6,000 MT), South Korea (2,000 MT), the Dominican Republic (1,500 MT, including decreases of 1,000 MT), Mexico (1,300 MT), and El Salvador (1,200 MT).

For 2019/2020, total net sales of 1,500 MT were for Mexico.

Exports of 14,800 MT were down 52 percent from the previous week, but up 9 percent from the prior 4-week average.

The destinations were to Guatemala (8,000 MT), the Dominican Republic (4,000 MT), Mexico (2,200 MT), Canada (500 MT), and Panama (100 MT).

(By Commoditiescontrol Bureau)


       
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