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U.S. Soybean Net Export Sales For May 15-21 Down 47% W/W At 644,300 MT

29 May 2020 6:13 pm
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Mumbai (Commodities Control) - US net soybean sales were down 47% at 644,300 metric tonnes (MT) for the week ended May 21 and 27 % from the prior 4-week average.

Increases primarily for China (192,400 MT, including decreases of 600 MT), Mexico (175,000 MT, including 47,500 MT switched from unknown destinations and decreases of 900 MT), unknown destinations (104,400 MT), Egypt (49,000 MT, including 50,000 MT switched from unknown destinations and decreases of 1,000 MT), and Japan (35,900 MT, including decreases of 5,300 MT), were offset by reductions for Colombia (400 MT).

For 2020/2021, net sales of 203,000 MT were for China (200,000 MT) and Japan (3,000 MT). Exports of 331,800 MT--a marketing-year low--were down 34 percent from the previous week and 32 percent from the prior 4-week average. The destinations were primarily to Mexico (116,400 MT), Japan (60,900 MT), Egypt (49,000 MT), Indonesia (45,700 MT), and Malaysia (23,500 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 127,200 MT for 2019/2020 were down 36 percent from the previous week and 15 percent from the prior 4-week average. Increases primarily for Colombia (54,000 MT, late 13,800 – see below), Mexico (31,900 MT), El Salvador (13,100 MT), Venezuela (11,000 MT, all late – see below), and Canada (9,600 MT, including decreases of 600 MT).

For 2020/2021, net sales of 44,700 MT primarily for unknown destinations (33,200 MT), Japan (6,400 MT), El Salvador (6,000 MT), Jamaica (5,000 MT), and Guatemala (2,000 MT), were offset by reductions for Colombia (9,000 MT). Exports of 225,100 MT were up 8 percent from the previous week and 6 percent from the prior 4-week average. The destinations were primarily to Mexico (66,900 MT), the Philippines (47,600 MT), Colombia (31,400 MT), Canada (20,900 MT), and Morocco (15,300 MT).

Late Reporting: For 2019/2020, net sales totaling 24,800 MT were reported late. These sales were reported for Colombia (13,800 MT) and Venezuela (11,000 MT). For 2019/2020, exports totaling 24,800 MT of were reported late. The destinations were to Colombia (13,800 MT) and Venezuela (11,000 MT).

Soybean Oil:

Net sales of 56,600 MT for 2019/2020 were primarily for Colombia (26,000 MT), South Korea (19,500 MT), Venezuela (6,000 MT), Guatemala (2,900 MT), and Haiti (700 MT). Exports of 28,800 MT were up noticeably from the previous week, but down 6 percent from the prior 4-week average. The destinations were to Morocco (17,000 MT), Tunisia (7,000 MT), Costa Rica (3,000 MT), Mexico (1,300 MT), and Canada (300 MT).

(Commodities Control Bureau)


       
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