Tridge summary
In the week ending June 22, US soybean exporters sold 227,400 tonnes of 2022/23 soybeans, a 50% decrease from the previous week. The main buyers were Mexico, undisclosed destinations, Japan, Indonesia, and Taiwan, offsetting cancellations by the Philippines. Sales for the 2023/24 crop year reached 17,000 tonnes to Mexico, offsetting cancellations by China. Shipping volume during this period dropped by 51% compared to the previous week, with Mexico, Japan, Indonesia, Colombia, and Taiwan being the main destinations.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
In the week ended June 22, US exporters sold 227,400 tonnes of 2022/23 soybeans, as reported by the US Department of Agriculture (USDA). This volume represents a 50% drop from the previous week and a 28% drop from the previous four-week average. The main buyers this week were Mexico (87 thousand t), undisclosed destinations (52.8 thousand t), Japan (38.7 thousand t), Indonesia (31 thousand t) and Taiwan (9.4 thousand t), which offset the cancellations made by the Philippines (100 t). With regard to the 2023/24 crop year, sales of 17,000 tonnes were registered to Mexico (20,000 t), offsetting cancellations made by China (3,000 t). Total sales reached 244,400 tons, approaching the lower limit of analysts' estimates, who expected sales between 200,000 tons and 700,000 tons. Regarding shipments, 191 thousand tons were registered during ...
Source: Suinoculturaindustrial
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