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U.S. Soybean Export Sales Zooms 99% Higher to 334,000 MT During Feb 19-25

4 Mar 2021 7:09 pm
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Mumbai (Commodities Control) – U.S Soybeans net export sales of 334,000 MT for 2020/2021 were up noticeably from the previous week, but down 33 percent from the prior 4-week average.


U.S soybeans net weekly sales of 167,900 MT, during Feb 19-25, for 2020/2021 were down 63 percent from the previous week and 72 percent from the prior 4-week average.

Increases primarily for Mexico (139,700 MT, including 34,000 MT switched from unknown destinations and decreases of 1,900 MT), Germany (137,700 MT), Japan (121,800 MT, including 45,000 MT switched from unknown destinations and decreases of 2,600 MT), the Netherlands (68,100 MT, including 60,000 MT switched from unknown destinations), and Bangladesh (56,000 MT, including 55,000 MT switched from unknown destinations), were offset by reductions primarily for unknown destinations (351,400 MT).

For 2021/2022, net sales of 199,400 MT were reported for China (198,000 MT) and Canada (1,400 MT). Exports of 1,160,800 MT were up 18 percent from the previous week, but down 22 percent from the prior 4-week average. The destinations were primarily to China (320,600 MT), Germany (137,700 MT), Egypt (115,800 MT), Taiwan (105,700 MT), and Japan (98,500 MT).

Exports for Own Account: The current exports for own account outstanding balance is 5,800 MT, all Canada.

Export Adjustments: Accumulated exports of soybeans to the Netherlands were adjusted down 68,676 MT for week ending February 4th and 69,060 MT for week ending February 18th. The correct destination for these shipments was Germany.

Soybean Cake and Meal: Net sales of 187,400 MT for 2020/2021 were up 17 percent from the previous week, but down 28 percent from the prior 4-week average. Increases primarily for the Philippines (49,000 MT, including decreases of 1,000 MT), Mexico (37,400 MT, including decreases of 22,400 MT), the Dominican Republic (33,800 MT), Canada (21,300 MT, including decreases of 500 MT), and the United Kingdom (19,500 MT, including 17,700 MT switched from unknown destinations), were offset by reductions primarily for unknown destinations (27,700 MT). Exports of 432,800 MT--a marketing-year high--were up noticeably from the previous week and up 80 percent from the prior 4-week average. The destinations were primarily to Mexico (68,000 MT), Vietnam (48,700 MT), the Philippines (48,200 MT), Colombia (42,200 MT), and Chile (36,500 MT).

Soybean Oil: Net sales of 5,500 MT for 2020/2021 were up 25 percent from the previous week and 16 percent from the prior 4-week average. Increases primarily for Guatemala (5,400 MT), El Salvador (1,000 MT), Canada (300 MT), and Trinidad and Tobago (100 MT), were offset by reductions for Colombia (900 MT) and Venezuela (500 MT). Exports of 42,500 MT were up noticeably from the previous week and from the prior 4-week average. The destinations were primarily to Peru (18,900 MT), the Dominican Republic (14,500 MT), Colombia (7,500 MT), Canada (1,000 MT), and Mexico (500 MT).




       
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