NEW DELHI, April 18: US soybean net sales were at 485,800 MT for the week ended April 11 in the marketing year 2023/2024 starting September 1, up 59 percent from the previous week and 62 percent from the prior 4-week average.
US soybean net sales were at 305,300 MT for the week ended April 4.
Increases were primarily for China (131,000 MT, including 121,000 MT switched from unknown destinations and decreases of 600 MT), Mexico (84,500 MT, including decreases of 3,700 MT), Indonesia (77,500 MT, including 68,000 MT switched from unknown destinations and decreases of 2,000 MT), unknown destinations (59,500 MT), and Germany (57,500 MT), were offset by reductions for Venezuela (27,300 MT).
Net sales of 263,200 MT for 2024/2025 were reported for unknown destinations (254,000 MT), Taiwan (9,000 MT), and Japan (200 MT). Exports of 481,000 MT were down 5 percent from the previous week and 25 percent from the prior 4-week average. The destinations were primarily to China (196,000 MT), Indonesia (97,100 MT), Germany (57,500 MT), Egypt (55,000 MT), and Mexico (21,400 MT).
Exports for Own Account: For 2023/2024, the current exports for own account outstanding balance of 3,300 MT are for Canada (1,400 MT), Taiwan (900 MT), Bangladesh (500 MT), and Malaysia (500 MT).
Export Adjustments: Accumulated exports of soybeans to the Netherlands were adjusted down 57,500 MT for week ending March 28th. The correct destination for this shipment is Germany.
Late Reporting: For 2023/2024, exports totaling 7,200 MT of soybeans were late to Colombia.
Soybean Cake and Meal
Net sales of 129,800 MT for 2023/2024 were down 31 percent from the previous week and 32 percent from the prior 4-week average.
Increases primarily for Mexico (64,600 MT, including decreases of 15,600 MT), Ireland (19,500 MT, including 18,000 MT switched from unknown destinations), the Dominican Republic (17,000 MT), Ecuador (10,900 MT), and Canada (10,500 MT), were offset by reductions primarily for unknown destinations (21,900 MT), Colombia (10,500 MT), Nicaragua (4,200 MT), Morocco (2,400 MT), and Belgium (2,000 MT).
Total net sales of 1,000 MT for 2024/2025 were for Canada. Exports of 349,800 MT were up 25 percent from the previous week and 20 percent from the prior 4-week average. The destinations were primarily to the Philippines (113,400 MT), Colombia (53,000 MT, including 5,700 MT - late), Mexico (38,500 MT), Canada (35,700 MT), and Ecuador (32,900 MT).
Late Reporting: For 2023/2024, exports totaling 5,700 MT of soybean cake and meal were reported late to Colombia.
Soybean Oil
Net sales of 100 MT for 2023/2024 were down 97 percent from the previous week and 96 percent from the prior 4-week average.
Increases reported for Mexico (400 MT) were offset by reductions for Canada (200 MT). Exports of 1,700 MT were up 58 percent from the previous week, but down 81 percent from the prior 4-week average. The destinations were primarily to Mexico (1,100 MT), Canada (400 MT), and the United Arab Emirates (100 MT).
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