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US soybean net export sales for Nov 18-24 up 0.54% W/W at 693,800 MT

1 Dec 2022 7:45 pm
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NEW DELHI, Dec 1 (Commoditiescontrol) : US soybean net sales were at 693,800 metric tonnes (MT) for the week ended November 24 in the marketing year 2022/2023 starting September 1, up 0.54 percent from the previous week.

US soybean net sales were at 690,100 MT for the week ended November 17.

Net sales were primarily for China (927,400 MT, including 524,000 MT switched from unknown destinations and decreases of 70,200 MT), the Netherlands (177,900 MT, including 209,500 MT switched from unknown destinations and decreases of 1,000 MT), the United Kingdom (66,000 MT, including 60,000 MT switched from unknown destinations), Mexico (56,200 MT, including decreases of 2,900 MT), and Iraq (44,100 MT, including 42,000 MT switched from the Netherlands), were offset by reductions primarily for unknown destinations (702,900 MT).

Exports of 2,117,000 MT were primarily to China (1,510,400 MT), the Netherlands (219,900 MT), Spain (95,100 MT), the United Kingdom (66,000 MT), and Mexico (55,800 MT).

Optional Origin Sales: For 2022/2023, the current outstanding balance of 300 MT, all South Korea.

Export for Own Account: For 2022/2023, new exports for own account totaling 25,000 MT were to Canada.

Exports for own account totaling 66,000 MT to Canada were applied to new or outstanding sales. The current exports for own account outstanding balance is 6,300 MT, all Canada.

Soybean Cake and Meal

Net sales of 185,200 MT for 2022/2023 primarily for Colombia (83,000 MT), Denmark (45,000 MT), Canada (24,700 MT), Mexico (18,000 MT), and Ecuador (8,000 MT), were offset by reductions for the Philippines (16,400 MT) and Guatemala (2,600 MT).

Total net sales reductions of 15,700 MT for 2023/2024 were for Canada.

Exports of 234,200 MT were primarily to Vietnam (53,300 MT), Mexico (49,300 MT), Colombia (48,100 MT), Ecuador (36,400 MT), and Canada (18,100 MT).

Soybean Oil

Net sales reductions of 2,300 MT for 2022/2023 resulting in increases for Canada (100 MT), were more than offset by reductions for Mexico (2,400 MT).

Exports of 2,500 MT were to Mexico (2,200 MT) and Canada (300 MT).


(By Commoditiescontrol Bureau)

       
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