NEW DELHI, Mar 16 (Commoditiescontrol) : US soybean net sales were at 665,000 metric tonnes (MT) for the week ended March 9 in the marketing year 2022/2023 starting September 1, up noticeably from the previous week and from the prior 4-week average.
US soybean net sales were at 23,200 MT for the week ended March 2.
Net sales were primarily for China (208,100 MT, including decreases of 67,900 MT), Germany (121,500 MT, including 62,000 MT switched from unknown destinations), Indonesia (60,700 MT, including 14,700 MT - late), Thailand (59,900 MT, including decreases of 100 MT and 58,700 MT - late), and the Netherlands (57,400 MT, including 60,000 MT switched from unknown destinations and decreases of 2,600 MT), were offset by reductions primarily for Egypt (1,400 MT).
Net sales of 66,100 MT for 2023/2024 were reported for unknown destinations (66,000 MT) and South Korea (100 MT). Exports of 773,500 MT were up 33 percent from the previous week, but down 37 percent from the prior 4-week average. The destinations were primarily to China (196,200 MT), Mexico (136,900 MT), Germany (121,500 MT), the Netherlands (57,400 MT), and Japan (56,800 MT).
Optional Origin Sales: For 2022/2023, the current outstanding balance of 300 MT, all South Korea.
Exports for Own Account: For 2022/2023, the current exports for own account outstanding balance of 1,600 MT are for Canada (1,500 MT) and Taiwan (100 MT).
Export Adjustments: Accumulated exports of soybeans to the Netherlands were adjusted down 52,262 MT for week ending February 23rd. The correct destination for this shipment is Germany.
Late Reporting: For 2022/2023, late net sales of 127,100 MT of soybeans were primarily for Thailand (58,700 MT), Malaysia (20,100 MT), Indonesia (14,700 MT), the Philippines (12,700 MT), Taiwan (12,200 MT), Vietnam (4,900 MT), Cambodia (2,200 MT), and Bangladesh (1,000 MT). Exports of 54,900 MT were late to Malaysia (16,600 MT), Taiwan (12,200 MT), Indonesia (9,700 MT), the Philippines (6,700 MT), Thailand (4,800 MT), Vietnam (4,000 MT), Cambodia (600 MT), and Senegal (300 MT).
Soybean Cake and Meal
Net sales of 220,100 MT for 2022/2023 were down 31 percent from the previous week, but up 6 percent from the prior 4-week average. Increases primarily for the Philippines (44,100 MT, including decreases of 900 MT), the Dominican Republic (39,100 MT), Ecuador (33,000 MT, including 30,000 MT switched from unknown destinations), Canada (32,200 MT, including decreases of 100 MT), and Sri Lanka (16,500 MT, including 12,700 MT - late), were offset by reductions primarily for unknown destinations (33,000 MT) and Belgium (700 MT).
Total net sales of 35,000 MT for 2023/2024 were for Ireland. Exports of 337,600 MT--a marketing-year high--were up 27 percent from the previous week and 48 percent from the prior 4-week average. The destinations were primarily to Ecuador (60,200 MT), Vietnam (52,000 MT), Colombia (48,600 MT), the Philippines (21,600 MT), and the Dominican Republic (18,900 MT).
Late Reporting: For 2022/2023, net sales totaling 24,600 MT of soybean cake and meal were reported late for Sri Lanka (12,700 MT), Taiwan (4,500 MT), Indonesia (3,800 MT), Burma (3,200 MT), and Hong Kong (400 MT). Exports of 23,000 MT were late to Sri Lanka (12,700 MT), Taiwan (4,500 MT), Burma (3,200 MT), Indonesia (2,300 MT), and Hong Kong (300 MT).
Soybean Oil
Net sales of 3,900 MT for 2022/2023 were down 47 percent from the previous week and 3 percent from the prior 4-week average. Increases were primarily for Mexico (2,500 MT).
Exports of 400 MT were down 31 percent from the previous week and 79 percent from the prior 4-week average. The destination was to Canada.
(By Commoditiescontrol Bureau)
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