NEW DELHI, Aug 4 (Commoditiescontrol) : US soybean net sales reductions were at 11,000 metric tonnes (MT) for the week ended July 28 in the marketing year 2021/2022 starting September 1, down 81 percent from the previous week and 90 percent from the prior 4-week average.
US soybean net sales reductions were at 58,600 MT for the week ended July 21.
Increases were primarily for China (124,800 MT, including 58,000 MT switched from unknown destinations and decreases of 9,300 MT), Mexico (64,800 MT, including 47,500 MT switched from unknown destinations and decreases of 500 MT), the Netherlands (57,400 MT, including 60,000 MT switched from unknown destinations and decreases of 2,600 MT), Malaysia (15,300 MT, including 15,000 MT switched from Indonesia), and Vietnam (4,400 MT, including decreases of 300 MT), were more than offset by reductions for unknown destinations (229,500 MT), Bangladesh (55,000 MT), Indonesia (5,300 MT), and Thailand (1,000 MT).
Net sales of 410,600 MT for 2022/2023 were primarily for unknown destinations (154,000 MT), China (144,000 MT), Bangladesh (55,000 MT), and Mexico (44,100 MT).
Exports of 527,600 MT were up 33 percent from the previous week and 19 percent from the prior 4-week average. The destinations were primarily to Mexico (162,700 MT), the Netherlands (57,400 MT), China (52,800 MT), Japan (50,400 MT), and Algeria (45,200 MT).
Export for Own Account: For 2021/2022, the current exports for own account outstanding balance is 6,300 MT, all Canada.
Late Reporting: For 2021/2022, net sales totaling 300 MT of soybeans were reported late for Taiwan. Exports totaling 1,000 MT of soybeans was reported late to Taiwan.
Soybean Cake and Meal
Net sales of 186,600 MT for 2021/2022 were up noticeably from the previous week and from the prior 4-week average.
Increases primarily for the Philippines (95,800 MT), Colombia (55,800 MT, including decreases of 30,800 MT), Honduras (10,400 MT, including 6,000 switched from Nicaragua, 5,000 MT switched from El Salvador, and decreases of 1,300 MT), the Dominican Republic (10,100 MT, including decreases of 1,000 MT), and Mexico (10,000 MT), were offset by reductions primarily for Nicaragua (6,000 MT), El Salvador (5,500 MT), and Jamaica (5,300 MT).
Net sales of 48,800 MT for 2022/2023 were primarily for the Dominican Republic (16,000 MT), El Salvador (14,300 MT), Jamaica (5,900 MT), Trinidad and Tobago (5,900 MT), and Costa Rica (2,000 MT).
Exports of 244,700 MT were up 25 percent from the previous week and 34 percent from the prior 4-week average. The destinations were primarily to the Philippines (49,500 MT), Colombia (45,800 MT), Mexico (33,700 MT), Honduras (30,200 MT), and Japan (29,600 MT).
Soybean Oil
Total net sales of 1,300 MT for 2021/2022 were down 71 percent from the previous week and 15 percent from the prior 4-week average.
Increases were reported for Honduras (800 MT), Guatemala (300 MT), and Canada (200 MT). Exports of 500 MT were down 95 percent from the previous week and 93 percent from the prior 4-week average. The destination was to Canada (500 MT).
(By Commoditiescontrol Bureau)
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