NEW DELHI, March 28: US soybean net sales were at 263,900 MT for the week ended March 21 in the marketing year 2023/2024 starting September 1, down 47 percent from the previous week and 26 percent from the prior 4-week average.
US soybean net sales were at 494,000 MT for the week ended March 14.
Increases were primarily for China (347,300 MT, including 321,000 MT switched from unknown destinations and decreases of 3,400 MT), Germany (69,000 MT), Mexico (36,400 MT, including decreases of 4,900 MT), Colombia (14,000 MT), and Indonesia (12,100 MT), were offset by reductions for unknown destinations (240,200 MT).
Total net sales of 120,000 MT for 2024/2025 were for unknown destinations. Exports of 785,600 MT were up 2 percent from the previous week, but down 22 percent from the prior 4-week average. The destinations were primarily to China (464,400 MT), Mexico (109,900 MT), Japan (78,200 MT), Germany (69,000 MT), and Indonesia (24,500 MT).
Exports for Own Account: For 2023/2024, the current exports for own account outstanding balance of 3,200 MT are for Canada (1,400 MT), Taiwan (800 MT), Bangladesh (500 MT), and Malaysia (500 MT).
Export Adjustments: Accumulated exports of soybeans to the Netherlands were adjusted down 69,002 MT for the week ending March 7th. The correct destination for this shipment is Germany.
Late Reporting: For 2023/2024, net sales totaling 7,866 MT of soybeans were reported late for Canada. Exports of 7,208 MT were late to Canada.
Soybean Cake and Meal
Net sales of 127,300 MT for 2023/2024 were down 48 percent from the previous week and 52 percent from the prior 4-week average.
Increases primarily for Turkey (33,000 MT, including 30,000 MT switched from unknown destinations), Colombia (28,900 MT), Canada (14,100 MT), the Dominican Republic (12,700 MT, including decreases of 200 MT), and Honduras (9,000 MT), were offset by reductions primarily for Morocco (5,900 MT), Nicaragua (2,800 MT), Belgium (1,300 MT), unknown destinations (1,000 MT), and Guatemala (500 MT).
Net sales of 1,200 MT for 2024/2025 were reported for Japan (700 MT) and Sri Lanka (500 MT). Exports of 280,400 MT were down 15 percent from the previous week and 18 percent from the prior 4-week average. The destinations were primarily to the Philippines (98,500 MT), Morocco (36,100 MT), Turkey (33,000 MT), Mexico (23,300 MT), and Guatemala (19,300 MT).
Soybean Oil
Net sales of 6,000 MT for 2023/2024 were up noticeably from the previous week, but down 48 percent from the prior 4-week average.
Increases reported for Colombia (2,500 MT), unknown destinations (2,000 MT), the Dominican Republic (1,500 MT), and Mexico (1,000 MT), were offset by reductions for Canada (1,100 MT). Exports of 7,700 MT were down 38 percent from the previous week, but up 88 percent from the prior 4-week average.
The destinations were primarily to Colombia (3,500 MT), Mexico (2,300 MT), and the Dominican Republic (1,500 MT).
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