US soybean exports drop weekly but rise from previous average

Published 2023년 6월 26일

Tridge summary

In the week ending June 15, US exporters sold 457,500 tonnes of 2022/23 soybeans, a 4% decrease from the previous week but a 98% increase from the previous four-week average. Taiwan was the top buyer with 117.9 thousand tons, followed by Mexico, China, undisclosed destinations, and Egypt. Additionally, 168.8 thousand tons were sold for the 2023/24 crop year, with Mexico being the largest buyer. A total of 387.8 thousand tons of soybeans were shipped during this period, a significant increase from the previous week and a 71% increase from the four-week average. Taiwan, Egypt, and China were the main destinations for these shipments.

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

Original content

In the week ended June 15, US exporters sold a total of 457,500 tonnes of 2022/23 soybeans, according to the US Department of Agriculture (USDA). This volume represents a 4% decrease from the previous week, but a significant 98% increase compared to the previous four week average. During this week, the main buyers of American soybeans were Taiwan, with 117.9 thousand tons, followed by Mexico with 61.7 thousand tons, China with 49.6 thousand tons, undisclosed destinations with 43.6 thousand tons and Egypt with 35.8 thousand tons. These sales offset the cancellations made by Colombia (4.3 thousand tons), Bangladesh (500 tons) and Senegal (200 tons). Furthermore, sales of 168.8 thousand tons were registered for the 2023/24 crop year, with Mexico being the biggest buyer with 126.9 thousand tons, followed by Taiwan with 28.5 thousand tons, China with 8 thousand tons and Malaysia with 5.4 thousand tons. In total, soybean sales reached 626,300 tons, within analysts' expectations, which ...

Source: Suinoculturaindustrial