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U.S. Soybean Weekly Exports Fall 14% at 22,25,500 MT For Oct 9-15

22 Oct 2020 6:25 pm
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Mumbai (Commodities Control) - U.S. net sales of soybean were registered at 2,225,500 MT for 2020/2021, during October 9-15, were down 14% from the previous week and 18% from the prior 4-week average.

U.S. net export sales of soybean were reported at 2,631,300 MT for 2020/2021 for the week ended 8th October, were down 74% from the previous week, but up 18% from the prior 4-week average.

Increases primarily for China (1,222,000 MT, including 395,000 MT switched from unknown destinations and decreases of 6,600 MT), Egypt (194,400 MT, including 55,000 MT switched from China), unknown destinations (185,100 MT), Germany (111,300 MT), and Mexico (105,700 MT, including decreases of 2,400 MT), were offset by reductions primarily for the Netherlands (20,000 MT). Exports of 2,516,500 MT were up 8 percent from the previous week and 49 percent from the prior 4-week average. The destinations were primarily to China (1,960,200 MT, including 71,400 MT late – see below), Egypt (126,400 MT), Germany (111,300 MT), Mexico (59,700 MT), and Saudi Arabia (53,800 MT).

Optional Origin Sales: For 2020/2021, the current outstanding balance of 126,000 MT, all China.

Exports for Own Account: For 2020/2021, the current exports for own account outstanding balance is 7,300 MT, all Canada.

Export Adjustments: Accumulated export of soybeans to the Netherland were adjusted down 56,666 MT for week ending October 1st and 54,630 MT for week ending October 8th. The correct destination for these shipments is Germany and is included in this week’s report.

Late Reporting: For 2020/2021, exports totaling 71,400 MT were reported late. The destination was China.

Soybean Cake and Meal: Net sales of 321,900 MT for 2020/2021 primarily for Mexico (127,800 MT, including decreases of 500 MT), the Dominican Republic (36,700 MT, including decreases 200 MT), unknown destinations (32,000 MT), Colombia (31,300 MT), and China (20,000 MT), were offset by reductions for Belgium (600 MT), Nepal (500 MT), Nicaragua (300 MT), and South Korea (100 MT). Exports of 90,800 MT were primarily to Mexico (35,500 MT), Canada (18,700 MT), Morocco (7,700 MT), Jamaica (6,600 MT), and Costa Rica (5,700 MT).

Soybean Oil: Net sales of 37,000 MT for 2020/2021 were primarily for China (11,000 MT), the Dominican Republic (8,600 MT), Venezuela (8,000 MT), South Korea (4,000 MT), and Nicaragua (2,000 MT). For 2021/2022, total net sales reductions of 200 MT were for Canada. Exports of 3,100 MT were primarily to Mexico (1,600 MT) and Canada (1,500 MT).

(Commodities Control Bureau)

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