NEW DELHI, Feb 2 : US soybean net sales were at 736,000 metric tonnes (MT) for the week ended January 26 in the marketing year 2022/2023 starting September 1, down 36 percent from the previous week and 18 percent from the prior 4-week average.
US soybean net sales were at 1,145,700 MT for the week ended January 19.
Net sales were primarily for China (782,400 MT, including 613,000 MT switched from unknown destinations and decreases of 10,200 MT), Japan (96,300 MT, including 73,700 MT switched from unknown destinations and decreases of 2,100 MT), Indonesia (86,000 MT, including 68,000 MT switched from unknown destinations and decreases of 300 MT), Taiwan (71,300 MT, including 66,000 MT switched from unknown destinations and decreases of 1,200 MT), and the Netherlands (68,000 MT, including 66,000 MT switched from unknown destinations), were offset by reductions primarily for unknown destinations (523,200 MT).
Net sales of 192,000 MT for 2023/2024 were reported for unknown destinations (132,000 MT) and China (60,000 MT). Exports of 1,959,600 MT were up 3 percent from the previous week and 11 percent from the prior 4-week average.
The destinations were primarily to China (1,415,300 MT), Japan (123,600 MT), Taiwan (94,100 MT), Indonesia (90,700 MT), and Vietnam (70,900 MT).
Optional Origin Sales: For 2022/2023, the current outstanding balance of 300 MT, all South Korea.
Export for Own Account: For 2022/2023, the current exports for own account outstanding balance is 1,500 MT, all Canada.
Soybean Cake and Meal
Net sales of 165,400 MT for 2022/2023 were down 46 percent from the previous week and 12 percent from the prior 4-week average.
Increases primarily for the United Kingdom (30,000 MT switched from Ireland), Panama (29,500 MT, including decreases of 100 MT), Morocco (27,000 MT), Colombia (26,700 MT, including decreases of 2,300 MT), and Canada (20,400 MT, including decreases of 5,400 MT), were offset by reductions primarily for Ireland (30,000 MT) and Spain (14,000 MT).
Total net sales of 4,200 MT for 2023/2024 were for Canada. Exports of 288,300 MT were up 1 percent from the previous week and 3 percent from the prior 4-week average.
The destinations were primarily to Venezuela (64,400 MT), the Philippines (50,200 MT), Colombia (45,800 MT), Mexico (31,800 MT), and Honduras (26,300 MT).
Soybean Oil
Net sales of 900 MT for 2022/2023 were down 62 percent from the previous week and 12 percent from the prior 4-week average. Increases were primarily for Mexico (700 MT).
Exports of 1,500 MT were up 10 percent from the previous week and 99 percent from the prior 4-week average. The destinations were to Mexico (1,000 MT) and Canada (500 MT).
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