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US Soybean Net Export Sales For Feb 7-13 Down 23% W/W At 494,300 MT

21 Feb 2020 7:45 pm
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NEW DELHI (Commoditiescontrol) - US net soybean sales were at 494,300 metric tonnes (MT) for the week ended February 13 in the marketing year 2019/2020, down 23 percent from the previous week and 22 percent from the prior 4-week average.

US net soybean sales were at 644,800 MT for the week ended February 6.

Increases were primarily for Indonesia (91,300 MT, including 55,000 MT switched from unknown destinations and decreases of 3,500 MT), Japan (89,800 MT, including 36,000 MT switched from unknown destinations and decreases of 2,100 MT), the Netherlands (82,400 MT, including 80,000 MT switched from unknown destinations), Mexico (79,700 MT, including decreases of 1,200 MT), and Israel (41,200 MT), were offset by reductions for Nepal (100 MT).

For 2020/2021, total net sales of 3,400 MT were for Japan.

Exports of 957,800 MT were up 57 percent from the previous week, but down 10 percent from the prior 4-week average.

The destinations were primarily to China (269,500 MT), Mexico (139,900 MT), Japan (104,600 MT), the Netherlands (82,400 MT), and Indonesia (82,000 MT).

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

Soybean Cake and Meal

Net sales of 169,400 MT for 2019/2020 were down 28 percent from the previous week and 56 percent from the prior 4-week average.

Increases primarily for Bangladesh (47,000 MT switched from unknown destinations), the Dominican Republic (40,100 MT, including decreases of 3,000 MT), Libya (32,400 MT, including 29,500 MT switched from unknown destinations), Saudi Arabia (25,000 MT), and Canada (23,500 MT), were offset by reductions for unknown destinations (79,600 MT) and Nicaragua (4,500 MT).

Exports of 237,100 MT were down 12 percent from the previous week, but up 10 percent from the prior 4-week average. The destinations were primarily to Mexico (37,600 MT), Libya (32,400 MT), Ecuador (30,300 MT), Colombia (29,600 MT), and Canada (21,600 MT).

Soybean Oil

Net sales of 42,000 MT for 2019/2020 were primarily for South Korea (17,400 MT), the Dominican Republic (10,800 MT), Colombia (5,000 MT), Guatemala (3,500 MT), and Mexico (3,000 MT).

Exports of 87,500 MT--a marketing-year high--were up noticeably from the previous week and from the prior 4-week average.

The destinations were primarily to South Korea (44,100 MT), Egypt (30,000 MT), Colombia (7,000 MT), Mexico (2,700 MT), and Haiti (2,000 MT).


(By Commoditiescontrol Bureau)


       
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