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US soybean net sales reductions for June 17-23 at 120,200 MT, down noticeably W/W

30 Jun 2022 6:13 pm
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NEW DELHI, June 30 (Commoditiescontrol) - US soybean net sales reductions were at 120,200 metric tonnes (MT) for the week ended June 23, lowest in the marketing year 2021/2022 starting September 1, down noticeably from the previous week and from the prior 4-week average.

US soybean net sales had increased by 29,300 MT for the week ended June 16.

Increases were primarily for the Netherlands (149,000 MT, including 138,000 MT switched from unknown destinations), Japan (49,000 MT, including 48,400 MT switched from unknown destinations and decreases of 300 MT), Canada (19,800 MT), Costa Rica (16,800 MT, including decreases of 200 MT), and China (16,400 MT, including 46,000 MT switched from Italy, 19,000 MT switched from unknown destinations, and decreases of 66,000 MT), were more than offset by reductions primarily for unknown destinations (288,400 MT), Pakistan (55,000 MT), and Italy (46,000 MT).

Net sales of 127,600 MT for 2022/2023 were primarily for unknown destinations (70,000 MT), Saudi Arabia (40,000 MT), Barbados (6,600 MT), Panama (6,000 MT), and Indonesia (4,000 MT).

Exports of 517,700 MT were up 5 percent from the previous week and 3 percent from the prior 4-week average. The destinations were primarily to the Netherlands (149,000 MT), China (93,500 MT), Mexico (72,800 MT), Egypt (67,100 MT), and Japan (52,700 MT).

Export for Own Account: For 2021/2022, the current exports for own account outstanding balance is 6,300 MT, all Canada.

Soybean Cake and Meal

Net sales of 23,900 MT for 2021/2022 were down noticeably from the previous week and down 83 percent from the prior 4-week average.

Increases primarily for Mexico (18,000 MT, including decreases of 1,900 MT), Canada (6,300 MT, including decreases of 400 MT), Guatemala (4,600 MT, including 3,000 MT switched from Nicaragua and decreases of 400 MT), Honduras (3,300 MT, including decreases of 26,200 MT), and the Philippines (2,200 MT, including decreases of 100 MT), were offset by reductions primarily for Ireland (9,000 MT), Nicaragua (3,000 MT), and the Dominican Republic (1,300 MT).

Net sales of 47,900 MT for 2022/2023 were reported for Guatemala (29,400 MT), El Salvador (10,000 MT), Panama (7,600 MT), and Leeward and Windward Islands (900 MT).

Exports of 295,300 MT were up 38 percent from the previous week and 41 percent from the prior 4-week average. The destinations were primarily to the Philippines (49,100 MT), Colombia (46,600 MT), Mexico (39,600 MT), Guatemala (27,600 MT), and Morocco (23,700 MT).

Soybean Oil

Net sales of 1,200 MT for 2021/2022 were down 16 percent from the previous week and 64 percent from the prior 4-week average.

Increases reported for Canada (1,200 MT) and Trinidad and Tobago (100 MT), were offset by reductions for Mexico (100 MT).

Exports of 300 MT--a marketing-year low--were down 97 percent from the previous week and 98 percent from the prior 4-week average. The destination was primarily to Canada (200 MT).

(By Commoditiescontrol Bureau)


       
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