Bran/USDA: USA sells 135.3 thousand tons of the 2022/23 crop in the week

Published 2023년 6월 23일

Tridge summary

In the week ending June 15, 2023, US exporters saw a significant decrease in soybean meal sales from the 2022/23 harvest, with a 35% drop from the previous week and 52% compared to the average of the previous four weeks, totaling 135,300 tons. The main buyers included the United Kingdom, Venezuela, Canada, Mexico, and Indonesia. For the 2023/24 sales, Panama, Canada, Japan, and Guatemala have shown interest. Despite these sales, net sales were lower than analysts' expectations. Shipments abroad for the week were notable, totaling 324,000 tons, with the Philippines, Romania, Algeria, United Kingdom, and Dominican Republic as the main recipients.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

By Ana Ritti, with information from Dow Jones Newswires São Paulo, 06/23/2023 - United States exporters sold 135,300 tons of soybean meal from the 2022/23 harvest in the week ended June 15, the country's Department of Agriculture (USDA) said this Friday. . The result represents a drop of 35% compared to the previous week and 52% compared to the average of the previous four weeks. The main buyers were the United Kingdom (27.5 thousand t), Venezuela (21.5 thousand t), Canada (20.1 thousand t), Mexico (17.7 thousand t) and Indonesia (17 thousand t), which cancellations made by undisclosed destinations (19 thousand t), Panama (7.1 thousand t), Guyana (3.4 thousand t), Belgium (2.4 thousand t) and Japan (1.1 thousand t). For 2023/24, 11.1 thousand tons were sold to Panama (8 thousand t), Canada (1.1 thousand t), Japan (900 t) and Guatemala (500 t). Net sales, of 146,400 tonnes, were below analysts' estimates, which ranged from 150,000 to 350,000 tonnes. Shipments abroad in the ...

Source: Broadcast