US sells 31.5 thousand tons of soymeal from the 2021/22 crop

Published 2022년 1월 6일

Tridge summary

The article highlights the recent USDA report that shows a significant decrease in the sales of soybean meal from the 2021/22 crop, with only 31.5 thousand tons sold in the week of December 30, marking the lowest sales of the year and a steep 81% drop compared to the average of the previous four weeks. Despite the decrease, the sales were distributed to several countries, with the Dominican Republic, Canada, and Jamaica being the main buyers. For the 2022/23 harvest, only 300 tons were sold, with Japan being the primary buyer. The article also notes that shipments abroad totaled 228.8 thousand tons, a 34% increase from the previous week, but a 14% decrease from the average of the previous four weeks, with the Philippines, Spain, and Canada as the main recipients.

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Original content

by Sandy Oliveira São Paulo, 01/06/2022 - Exporters in the United States sold 31.5 thousand tons of soybean meal from the 2021/22 crop in the week ended December 30, the country's Department of Agriculture (USDA) reported on Thursday , in a weekly report. The volume, the lowest in the business year, represents a drop of 55% compared to the previous week and 81% compared to the average of the previous four weeks. The main buyers were the Dominican Republic (12,000t), Canada (7,000t), Jamaica (4,000t), Guyana (3,800t) and the Philippines (2,300t), which offset the cancellations made by undisclosed destinations (4.9 thousand t), El Salvador (1,000 t), Spain (800 t) and Nicaragua (500 t). For the 2022/23 harvest, 300 tons were sold. The main purchase was made by Japan (1,900 t), which offset the cancellations made by the Netherlands (1,500 t). The sum of the two harvests was below the forecast of analysts consulted by Dow Jones Newswires, who expected volume between 35 thousand and ...

Source: Broadcast