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US Soybean Net Export Sales For Jan 10-16 Up 23% W/W At 790,000 MT

24 Jan 2020 7:24 pm
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NEW DELHI (Commoditiescontrol) - US net soybean sales were at 790,000 metric tonnes (MT) for the week ended January 16 in the marketing year 2019/2020, up 23 percent from the previous week and 59 percent from the prior 4-week average.

US net soybean sales were at 711,500 MT for the week ended January 9.

Increases were primarily for China (225,900 MT, including 70,000 MT switched from unknown destinations and decreases of 171,300 MT), Mexico (218,900 MT, including 47,500 MT switched from unknown destinations and decreases of 1,500 MT), Egypt (187,500 MT, including 65,000 MT switched from unknown destinations), Vietnam (87,800 MT, including 70,000 MT switched from unknown destinations), and Germany (69,400 MT), were offset by reductions for unknown destinations (256,900 MT).

For 2020/2021, net sales of 120,700 MT were for unknown destinations (120,000 MT) and Japan (700 MT).

Exports of 1,053,100 MT were down 13 percent from the previous week and 3 percent from the prior 4-week average. The destinations were primarily to China (447,700 MT), Bangladesh (165,200 MT), Mexico (91,700 MT), Vietnam (80,900 MT), and Germany (69,400 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 69,377 MT for week ending January 9th. The correct destination is Germany and is included in this week’s report.

Soybean Cake and Meal

Net sales of 641,900 MT for 2019/2020--a marketing-year high--were up 71 percent from the previous week and up noticeably from the prior 4-week average.

Increases primarily for the Philippines (184,500 MT), Mexico (82,300 MT, including decreases of 100 MT), Spain (60,000 MT), Germany (55,000 MT), and unknown destinations (33,700 MT), were offset by reductions for the Dominican Republic (300 MT) and Leeward Windward Islands (100 MT).

Exports of 231,600 MT were primarily to the Philippines (46,900 MT), Mexico (38,600 MT), Morocco (32,000 MT), Ecuador (31,700 MT), and the Dominican Republic (20,700 MT).

Soybean Oil

Net sales of 55,600 MT for 2019/2020 resulting in increases primarily for unknown destinations (19,000 MT), South Korea (13,400 MT), Colombia (8,500 MT), Jamaica (7,000 MT), and Guatemala (5,000 MT), were offset by reductions for Canada (2,200 MT). Exports of 2,500 MT were to Mexico (2,200 MT) and Canada (300 MT).

(By Commoditiescontrol Bureau)


       
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