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US Soybean Net Export Sales For June 28-July 4 Down 84% W/W At 132,200 MT

11 Jul 2019 6:45 pm
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NEW DELHI (Commoditiescontrol) - US net soybean sales were at 132,200 MT for the week ended July 4 in the marketing year 2018/2019, down 84 percent from the previous week and 70 percent from the prior 4-week average.

Increases were reported for China (127,800 MT, including 140,000 MT switched from unknown destinations and decreases of 12,200 MT), Indonesia (68,900 MT, including 68,000 MT switched from unknown destinations and decreases of 6,400 MT), the Netherlands (67,900 MT, including 67,000 MT switched from unknown destinations), Germany (63,900 MT), and Japan (52,800 MT, including 26,900 MT switched from unknown destinations and decreases of 1,700 MT). 

Reductions were reported for unknown destinations (348,700 MT).

For 2019/2020, net sales of 129,500 MT were reported for unknown destinations (74,500 MT), Taiwan (38,000 MT), Japan (15,000 MT), and Indonesia (2,000 MT).

Exports of 692,400 MT were down 5 percent from the previous week and 6 percent from the prior 4-week average.  The destinations were primarily to China (181,600 MT), Japan (97,800 MT), the Netherlands (87,400 MT), Indonesia (79,700 MT), and Mexico (65,100 MT).

Optional Origin: For 2019/2020, the current outstanding balance is 10,000 MT, all unknown destinations.

Exports for Own Account:  For 2018/2019, new exports for own account totaling 29,800 MT were to Canada.  The current exports for own account outstanding balance is 41,800 MT, all Canada.

Export Adjustment:  Accumulated exports of soybeans to the Netherlands were adjusted down 63,851 MT for week ending June 27th.  The correct destination is Germany and is included in this week’s report.

Soybean Cake and Meal

Net sales of 44,900 MT for 2018/2019 were up noticeably from the previous week, but down 33 percent from the prior 4-week average.

Increases were reported for Colombia (21,900 MT), Canada (9,900 MT), Costa Rica (9,200 MT, switched from Honduras), Jamaica (3,300 MT), and Panama (2,700 MT, including 2,500 MT switched from Colombia).

Reductions were for Honduras (9,200 MT) and Vietnam (400 MT).  For 2019/2020, net sales of 7,700 MT were primarily for Canada (4,500 MT).

Exports of 111,000 MT were down 44 percent from the previous week and 30 percent from the prior 4-week average.  The destinations were primarily to the Philippines (45,800 MT), Mexico (23,400 MT), Canada (11,800 MT), Costa Rica (9,200 MT), and Colombia (6,100 MT).

Soybean Oil

Net sales of 8,500 MT for 2018/2019 were down 57 percent from the previous week and 30 percent from the prior 4-week average.

Increases were reported for Guatemala (5,000 MT), Mexico (3,300 MT), and Canada (200 MT).  For 2019/2020, total net sales of 100 MT were for Mexico.

Exports of 30,800 MT were up noticeably from the previous week and from the prior 4-week average.  The destinations were to South Korea (12,000 MT), the Dominican Republic (7,000 MT), Guatemala (5,500 MT), and Jamaica (3,500 MT.

(By Commoditiescontrol Bureau)


       
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