News

Bran/USDA: USA sells 202 thousand tons of the 2023/24 harvest in the week

Soybean Meal
United States
Market & Price Trends
Published Feb 24, 2024

Tridge summary

US soybean meal exports for the 2023/24 harvest fell by 1% in the week ending February 15, with a 35% drop from the four-week average. The main buyers were Colombia, Vietnam, Mexico, Morocco, and the Dominican Republic. For the 2024/25 commercial year, 500 tonnes were sold to Canada. Total sales were within the expected range of 175 to 400 thousand tons. However, shipments during the week decreased by 15% compared to the previous week and 9% compared to the four-week average.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

By Ana Ritti, with information from Dow Jones Newswires São Paulo, 02/23/2024 - United States exporters reported sales of 202 thousand tons of soybean meal from the 2023/24 harvest, including cancellations, in the week ending February 15, the Department of Country Agriculture (USDA). The volume represents a drop of 1% compared to the previous week and 35% compared to the average of the previous four weeks. The main buyers were Colombia (97,900 t), Vietnam (51,000 t), Mexico (28,700 t), Morocco (21,000 t) and the Dominican Republic (17,400 t), which compensated for cancellations made for undisclosed destinations (54 thousand t) and Ireland (18 thousand t). For the 2024/25 commercial year, sales of 500 tonnes were reported to Canada. Total sales, of 202.5 thousand tons, were within analyst estimates, which ranged from sales of 175 thousand tons to 400 thousand tons. Shipments during the week totaled 293.6 ...
Source: Broadcast
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