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US Soybean Net Export Sales For Nov 1-7 Down 31% W/W At 1,253,000 MT

15 Nov 2019 7:21 pm
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NEW DELHI (Commoditiescontrol) - US net soybean sales were at 1,253,000 metric tonnes (MT) for the week ended November 7 in the marketing year 2019/2020, down 31 percent from the previous week, but up 5 percent from the prior 4-week average.

US net soybean sales were at 1,807,400 MT for the week ended October 31.

Increases were primarily for China (760,500 MT, including 136,000 MT switched from unknown destinations), unknown destinations (129,200 MT), Egypt (115,300 MT, including 110,000 MT switched from unknown destinations), Germany (56,900 MT), and Spain (54,100 MT, including 50,000 MT switched from unknown destinations), were offset by reductions for the Philippines (46,500 MT).

For 2020/2021, total net sales of 3,000 MT were reported for Japan.

Exports of 1,274,400 MT were down 18 percent from the previous week and 8 percent from the prior 4-week average.

The destinations were primarily to China (693,500 MT), Mexico (131,400 MT), Egypt (115,300 MT), Thailand (79,400 MT), and Germany (56,900 MT).

Exports for Own Account: For 2019/2020, the current exports for own account outstanding balance is 2,100 MT, all Canada.

Export Adjustments: Accumulated exports of soybeans to the Netherlands were adjusted down by 56,898 MT for week ending October 24th. The correct destination is Germany and is included in this week’s report.

Soybean Cake and Meal

Net sales of 345,300 MT for 2019/2020, primarily for the Philippines (137,900 MT), Colombia (64,100 MT, including 14,500 MT switched from unknown destinations and decreases of 700 MT), Japan (30,900 MT, including decreases of 100 MT), El Salvador (23,500 MT, including decreases of 200 MT), and Panama (13,700 MT), were partially offset by reductions for unknown destinations (4,500 MT), Malaysia (600 MT), and Trinidad (300 MT).

For 2020/2021, total net sales of 500 MT were for Japan. Exports of 276,200 MT were primarily to the Philippines (47,800 MT), Guatemala (33,400 MT), Japan (27,600 MT), Mexico (23,900 MT), and Canada (23,700 MT).

Soybean Oil

Net sales of 30,600 MT for 2019/2020 were primarily for unknown destinations (10,300 MT), South Korea (10,000 MT), Mexico (3,300 MT), Nicaragua (2,200 MT, including 400 MT switched from unknown destinations), and Canada (2,100 MT).

Exports of 12,100 MT were primarily to Guatemala (9,000 MT) and Mexico (2,800 MT).

(By Commoditiescontrol Bureau)

       
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