US: Bran cancellations exceed sales by 16.9 thousand tons of the 2022/23 harvest in the week

By Audryn Karolyne, with information from Dow Jones Newswires São Paulo, 09/28/2023 - United States exporters that cancellations exceeded sales by 16.9 thousand tons of soybean meal from the 2022/23 harvest in the week ending September 21, the Department of Country Agriculture (USDA). The volume represents a significant drop compared to the previous week and compared to the average of the previous four weeks. The main buyers were the Philippines (11.4 thousand t), Mexico (9.1 thousand t), Germany (5.6 thousand t), Honduras (5.3 thousand t) and Venezuela (4.5 thousand t), which did not compensate for the cancellations made by Canada (64.8 thousand t), Colombia (2.2 thousand t) and South Korea (2 thousand t). For 2023/24, 375.7 thousand tons were sold to Canada (122.3 thousand tons), Guatemala (41.2 thousand tons), Mexico (31.2 thousand tons), Malaysia (30.9 thousand tons) and Japan (30.6 thousand t), which offset cancellations made by Myanmar (400 t). The total volume sold of the ...