USDA says US will sell 460,200 tonnes of soybeans this week by 2021/22

Sao Paulo, 04/22/2022 – US exporters sold 460,200 tonnes of soybeans from the 2021/22 crop in the week ended April 14, according to a weekly report released by the US Department of Agriculture (USDA) on Thursday, 21st. . The volume represents a 16% drop compared to the previous week and a 39% drop compared to the average of the previous four weeks.

During the week, China (496,400 tonnes), Indonesia (81,000 tonnes), Bangladesh (57,000 tonnes), Egypt (53,700 tonnes) and Japan (26,100 tonnes) were the main buyers, offset by cancellations by unpublished (326,300 tonnes). Spain (66,000 tons).

For the 2022/23 harvest, 1.240 million tons were sold. The main buyers are China (669,000 tonnes), unpublished locations (351,000 tonnes), Spain (131,000 tonnes), Holland (66,000 tonnes) and Mexico (20,000 tonnes).

The sum of the two crops, 1.7 million tonnes, was within the estimate of the consultants analyzed. Dow Jones NewswireExpect quantities ranging from 500 thousand tons to 1.95 million tons per week.

The total exports during this period were 889 thousand tons. Volume is 10% higher than the previous week and 27% higher than the four-week average. The main destinations of the week are China (294 thousand tons), Indonesia (109.7 thousand tons), Mexico (102.3 thousand tons), Holland (84.2 thousand tons) and Japan (67.6 thousand tons).

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