NEW DELHI, April 4: US soybean net sales were at 194,200 MT for the week ended March 28 in the marketing year 2023/2024 starting September 1, down 26 percent from the previous week and 54 percent from the prior 4-week average.
US soybean net sales were at 263,900 MT for the week ended March 21.
Increases were primarily for China (153,900 MT, including 200,000 MT switched from unknown destinations), Egypt (97,000 MT), the Netherlands (57,500 MT, including 60,000 MT switched from unknown destinations and decreases of 2,500 MT), South Korea (25,200 MT, including 25,000 MT switched from unknown destinations), and Japan (18,400 MT), were offset by reductions primarily for unknown destinations (235,000 MT).
Exports of 549,100 MT were down 30 percent from the previous week and 43 percent from the prior 4-week average. The destinations were primarily to China (284,700 MT), Mexico (92,500 MT), the Netherlands (57,500 MT), Indonesia (28,600 MT), and South Korea (25,300 MT).
Exports for Own Account: For 2023/2024, new exports for own account totaling 100 MT were to Taiwan. 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).
Soybean Cake and Meal
Net sales of 202,200 MT for 2023/2024 were up 59 percent from the previous week and 10 percent from the prior 4-week average.
Increases primarily for the Philippines (93,200 MT), Costa Rica (19,900 MT, including 9,200 MT switched from El Salvador and decreases of 500 MT), Venezuela (18,600 MT, including 15,900 switched from Colombia), the Dominican Republic (18,100 MT), and Mexico (17,900 MT, including decreases of 4,400 MT), were offset by reductions for Colombia (7,900 MT), the United Kingdom (7,000 MT), El Salvador (5,000 MT), Jamaica (100 MT), and the Leeward - Windward Islands (100 MT).
Net sales of 32,600 MT for 2024/2025 were reported for Canada (30,200 MT) and Mexico (2,400 MT). Exports of 280,000 MT were unchanged from the previous week, but down 18 percent from the prior 4-week average. The destinations were primarily to the Philippines (49,800 MT), Mexico (45,700 MT), the Dominican Republic (41,800 MT), Honduras (30,100 MT), and Colombia (22,600 MT).
Soybean Oil
Net sales of 3,100 MT for 2023/2024 were down 48 percent from the previous week and 74 percent from the prior 4-week average.
Increases were primarily for Mexico (2,300 MT) and Canada (700 MT). Exports of 13,300 MT--a marketing-year high--were up 71 percent from the previous week and up noticeably from the prior 4-week average. The destinations were primarily to Venezuela (4,000 MT), Jamaica (3,500 MT), Mexico (2,600 MT), and Colombia (2,500 MT).
0 Comments 
Post Comment 
