Login ID:
Password:
Partner Login
Contact Us : 7066511911

U.S. Soybean Export Sales Over Doubled to 18,17,700 MT During Jan 8-14

22 Jan 2021 7:21 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai (Commodities Control) – U.S Soybeans net weekly sales of 1,817,700 MT, for the week ended 14th January, for 2020/2021 were up noticeably from the previous week and from the prior 4-week average.

U.S Soybeans Net weekly export sales of 908,000 MT, during 1-7 January, for 2020/2021 were up noticeably from the previous week and up 93 percent from the prior 4-week average.

Increases primarily for China (864,100 MT, including 396,000 MT switched from unknown destinations and decreases of 17,900 MT), the Netherlands (236,000 MT, including 101,000 MT switched from unknown destinations and decreases of 500 MT), Mexico (113,400 MT, including decreases of 500 MT), Pakistan (67,300 MT, including 66,000 MT switched from unknown destinations and decreases of 2,300 MT), and Spain (60,200 MT, including 60,000 MT switched from unknown destinations), were offset by reductions for Bangladesh (5,000 MT) and Peru (800 MT).

For 2021/2022, net sales of 831,000 MT were for unknown destinations (452,000 MT), China (319,000 MT), and Spain (60,000 MT). Exports of 2,379,100 MT were up 17 percent from the previous week and 9 percent from the prior 4-week average. The destinations were primarily to China (1,349,900 MT), Pakistan (137,300 MT, including 67,700 MT late--see below), the Netherlands (106,000 MT), Egypt (98,400 MT), and Thailand (94,200 MT).

Exports for Own Account: For 2020/2021, the current exports for own account outstanding balance is 6,100 MT, all Canada.

Late Reporting: For 2020/2021, exports totaling 67,700 MT were reported late to Pakistan.

Export Adjustments: Accumulated export of soybeans to Spain were adjusted down 66,924 MT for week ending November 26th. The correct destination for these shipments is Italy (41,924 MT) and Romania (25,000 MT) are included in this week’s report. Accumulated export of soybeans to the Netherlands were adjusted down 59,317 MT for week ending December 31st. The correct destination for these shipments is Germany and is included in this week’s report.

Soybean Cake and Meal: Net sales of 468,500 MT for 2020/2021--marketing-year high--were up 39 percent from the previous week and up noticeably from the prior 4-week average. Increases primarily for Morocco (106,500 MT), Colombia (69,800 MT), Ecuador (55,000 MT), Vietnam (50,000 MT, switched from unknown destinations), and Mexico (48,800 MT, including decreases of 3,000 MT), were offset by reductions primarily for unknown destinations (80,000 MT).

Exports of 239,000 MT were up 13 percent from the previous week, but down 12 percent from the prior 4-week average. The destinations were primarily to the Philippines (47,600 MT), Ecuador (33,300 MT), Spain (29,100 MT), Canada (26,900 MT), and Guatemala (26,400 MT).

Soybean Oil: Net sales of 52,300 MT for 2020/2021 were up noticeably from the previous week and from the prior 4-week average. Increases primarily for Guatemala (22,900 MT, including decreases of 200 MT), the Dominican Republic (13,400 MT, including decrease 8,200 MT), South Korea (11,000 MT), Peru (4,100 MT), and Canada (700 MT), were offset by reductions primarily for Venezuela (100 MT). Exports of 29,700 MT were down 40 percent from the previous, but up 22 percent from the prior 4-week average.

The destinations were primarily to Peru (11,500 MT), Venezuela (7,500 MT), Colombia (6,600 MT), Guatemala (2,900 MT), and Mexico (700 MT).



N       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
Bursa Malaysia to Launch Revamped Crude Palm Kernel Fut...
Spot Mustard Seed, Oil Bounce Back On Sharp Rise In Oil...
ICE Canola Futures Gain on Tight Supply, Rising Global ...
Spot Mustard Seed Defies Bullish Future Trend As Arriva...
Soy Meal (CBT) Weak Price Trend / Next Potential Supp...
more
Top 5 News
Bursa Malaysia to Launch Revamped Crude Palm Kernel Fut...
Guar Korma Gains In Better Local, Export Demand, Gum Al...
Spot Mustard Seed, Oil Bounce Back On Sharp Rise In Oil...
Spot Cotton Rates Largely Firm Across Major Mandis Apin...
Madhya Pradesh Sugar Mill Prices 06 MARCH 2021
Top 5 Special Reports
Weekly: ICE Raw Sugar Ends Flat amid Mixed Fundamentals...
Weekly: NY Cotton Posts Second Weekly Decline amid Lack...
Weekly: Chana-Masoor Prices Gain Most This Week, Urad-...
Weekly: ICE Cotton Suffers First Weekly Drop in Februar...
Weekly: Bullish Factors Intact in NY Sugar as Fund Buyi...
Copyright © CC Commodity Info Services LLP. All rights reserved.