Bran/USDA: USA sells 349.2 thousand tons of the 2023/24 harvest in the week

Published 2024년 1월 19일

Tridge summary

In the week ending January 11, US exporters reported sales of 349.2 thousand tons of soybean meal from the 2023/24 harvest, with significant increases compared to the previous week and average of the previous four weeks. The main buyers were the Philippines, Morocco, Mexico, Venezuela, and Colombia, with total sales close to the ceiling of analysts' estimates. Shipments during the week totaled 199.4 thousand tons, with the main destinations being the Philippines, Mexico, Romania, Canada, and the Dominican Republic. For the 2024/25 commercial year, sales of 1.7 thousand tons were reported, with the main buyers being Japan and Canada.

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, 01/19/2024 - Exporters from the United States reported sales of 349.2 thousand tons of soybean meal from the 2023/24 harvest, including cancellations, in the week ending January 11, reported this Friday the The country's Department of Agriculture (USDA). The volume represents a significant increase compared to the previous week and compared to the average of the previous four weeks. The main buyers were the Philippines (96,700 t), Morocco (58,700 t), Mexico (41,200 t), Venezuela (36,000 t) and Colombia (30,600 t), which offset cancellations made by undisclosed destinations (30 thousand t), El Salvador (3.9 thousand t), Belgium (2.2 thousand t) and Ecuador (2 thousand t). For the 2024/25 commercial year, sales of 1.7 thousand tons were reported. The main buyers were Japan (1,200 t) and Canada (500 t). Total sales, of 350.9 thousand tons, were close to the ceiling of analysts' estimates, which ranged from sales of ...

Source: Broadcast