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U.S. Soybean Net Export Sales For Mar 20-26 Up 6% W/W At 957,400 MT

2 Apr 2020 6:47 pm
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Mumbai (Commodities Control) - US net soybean sales were at 957,400 metric tonnes (MT) for the week ended March 26 in the marketing year 2019/2020, up 6% W/W and up 75% from the prior 4-week average.

US net soybean sales were at 904,300 MT for the week ended March 12.


Increases primarily for Mexico (388,000 MT, including 47,500 MT switched from unknown destinations and decreases of 2,300 MT), China (131,000 MT), Bangladesh (108,300 MT, switched from unknown destinations and decreases of 300 MT), Indonesia (97,800 MT, including 68,000 MT switched from unknown destinations and decreases of 2,100 MT), and Egypt (55,000 MT), were offset by reductions for Barbados (1,200 MT).


For 2020/2021, net sales of 114,000 MT were for unknown destinations (65,000 MT), Mexico (47,500 MT), and Japan (1,500 MT).


Exports of 468,400 MT were down 23 percent from the previous week and 20 percent from the prior 4-week average.

The destinations were primarily to Mexico (124,600 MT), Bangladesh (108,300 MT), Indonesia (86,400 MT), Japan (44,200 MT), and Malaysia (26,100 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 125,200 MT for 2019/2020 were down 50% W/W and 39% from the prior 4-week average.

Increases primarily for the United Kingdom (29,400 MT, switched from unknown destinations), Mexico (25,300 MT, including decreases of 100 MT), New Zealand (25,000 MT), Canada (22,600 MT), and Guatemala (11,200 MT, including decreases of 10,700 MT), were offset by reductions primarily for unknown destinations (30,000 MT), Nepal (5,000 MT), Honduras (4,700 MT), and Chile (4,500 MT).

For 2020/2021, net sales reductions of 15,900 MT were for Guatemala (15,400 MT) and El Salvador (500 MT).

Exports of 324,900 MT were up 12 percent from the previous week and 7 percent from the prior 4-week average.


The destinations were primarily to Mexico (66,200 MT), the Philippines (50,500 MT), Morocco (42,300 MT), the United Kingdom (29,400 MT), and Canada (25,900 MT).

Soybean Oil


Net sales of 67,000 MT for 2019/2020--marketing-year high--were primarily for South Korea (42,000 MT), unknown destinations (15,000 MT), Mexico (5,800 MT), Colombia (3,000 MT), and the Dominican Republic (900 MT, including decreases of 900 MT).

For 2020/2021, total net sales of 2,300 MT were for Mexico.


Exports of 59,500 MT were up noticeably from the previous week and from the prior 4-week average. The destinations were primarily to Morocco (20,000 MT), Colombia (14,000 MT), Guatemala (8,000 MT), Mexico (3,600 MT), and Jamaica (3,500 MT).

(Commodities Control Bureau)


       
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