USA sells 71.4 thousand tons of the 2022/23 soybean meal this week

Published Aug 24, 2023

Tridge summary

In the week ending August 17, US exporters sold 71,400 tonnes of soybean meal from the 2022/23 harvest, a 44% drop compared to the previous week. The main buyers were Colombia, Venezuela, Morocco, Honduras, and Ireland, which offset cancellations from undisclosed destinations and El Salvador. In total, 274,000 tons were sold for the 2023/24 period, with shipments abroad increasing by 28% compared to the previous week. The main destinations for exports were Colombia, the Philippines, Venezuela, Israel, and Canada.

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

Original content

By Audryn Karolyne, with information from Dow Jones Newswires São Paulo, 08/24/2023 - United States exporters sold 71,400 tonnes of soybean meal from the 2022/23 harvest in the week ending August 17, the country's Department of Agriculture (USDA) reported this Thursday. . The volume represents a drop of 44% compared to the previous week and 52% compared to the average of the previous four weeks. The main buyers were Colombia (40,500 t), Venezuela (27,800 t), Morocco (15,000 t), Honduras (10,600 t) and Ireland (9,000 t), which offset the cancellations made for undisclosed destinations (52 thousand t) and El Salvador (10.8 thousand t). For 2023/24, 202.6 thousand tons were sold to Canada (62.9 thousand tons), Mexico (41.4 thousand tons), undisclosed destinations (30 thousand tons), Ecuador (26 thousand tons) and Honduras (17 .5 thousand t). The total volume sold, of 274,000 tons, was within analysts' estimates, which ranged from 200,000 to 425,000 tons. Shipments abroad in ...

Source: Broadcast