USDA sells 330,100 tonnes of 2021/22 soybean meal this week

Sao Paulo, 27 – U.S. exporters sold 330,100 tonnes of soybean meal from the 2021/22 crop in the week ending January 20, the US Department of Agriculture (USDA) said in a weekly report on Thursday. The volume is 5% higher than the previous week and significantly higher than the previous four week average.

Ecuador (70,900 tonnes), Vietnam (50,000 tonnes), Philippines (48,800 tonnes), Honduras (37,000 tonnes) and Guatemala (36,700 tonnes), Thailand (53 thousand tonnes) and Mexico were the main buyers to cover the cancellation costs. 44.3 thousand d).

For the 2022/23 crop, canceled sales exceeded 99 thousand tonnes. During the week, the main buyers were Canada (600 tons) and Japan (400 tons), which did not compensate for the cancellations made by Spain (100 thousand tons).

The sum of the two crops was higher than the forecast of the consulted researchers Dow Jones Newswire, Expect quantities of 100 thousand to 600 thousand tons per week.

Exports during the period stood at 327.1 thousand tonnes, an increase of 26% over the previous week and an average of 51% over the previous four weeks. The major destinations are Ecuador (70.3 thousand tons), the Philippines (51.7 thousand tons), Denmark (48.7 thousand tons), Thailand (47 thousand tons) and Morocco (29.7 thousand tons).