NEW DELHI, Jan 25: US soybean net sales were at 560,900 MT for the week ended January 18 in the marketing year 2023/2024 starting September 1, down 28 percent from the previous week, but up 6 percent from the prior 4-week average.
US soybean net sales were at 781,300 MT for the week ended January 11.
Increases were primarily for China (563,400 MT, including 253,000 MT switched from unknown destinations and decreases of 5,000 MT), Mexico (151,100 MT, including decreases of 500 MT), Indonesia (48,200 MT, including decreases of 2,100 MT), Japan (19,300 MT, including 19,000 MT switched from unknown destinations and decreases of 400 MT), and Vietnam (9,700 MT, including decreases of 1,100 MT), were offset by reductions primarily for unknown destinations (235,900 MT).
Exports of 1,117,500 MT were down 33 percent from the previous week and 3 percent from the prior 4-week average. The destinations were primarily to China (797,200 MT), Mexico (74,800 MT), Spain (71,500 MT), Portugal (71,500 MT), and Japan (21,900 MT).
Exports for Own Account: For 2023/2024, the current exports for own account outstanding balance of 2,100 MT are for Canada (1,400 MT) and Taiwan (700 MT).
Soybean Cake and Meal
Net sales of 255,900 MT for 2023/2024 were down 27 percent from the previous week, but up 34 percent from the prior 4-week average.
Increases primarily for Mexico (50,700 MT, including decreases of 4,300 MT), unknown destinations (50,200 MT), Honduras (27,600 MT, including decreases of 16,700 MT), Colombia (27,300 MT), and the Dominican Republic (19,700 MT), were offset by reductions primarily for Indonesia (29,300 MT) and Ireland (20,000 MT).
Total net sales of 900 MT for 2024/2025 were for Canada. Exports of 385,700 MT--a marketing-year high--were up 93 percent from the previous week and 61 percent from the prior 4-week average. The destinations were primarily to the Philippines (103,200 MT), Japan (62,900 MT), South Korea (52,500 MT), Guatemala (40,700 MT), and Mexico (37,800 MT).
Soybean Oil
Net sales of 100 MT for 2023/2024 were up 42 percent from the previous week, but down 28 percent from the prior 4-week average. Increases were for Mexico.
Exports of 300 MT were down 18 percent from the previous week and 39 percent from the prior 4-week average. The destination was Canada.
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