Thursday, October 29, 2009

USDA Export Sales, Soybean Oct 29,2009

This summary is based on reports from exporters for the period Oct. 16-22, 2009.

Soybeans: Net sales of 691,000 MT were down 30% from the previous week and 21% from the prior 4-week average. Increases were reported for China (437,000 MT, including 110,000 MT switched from unknown destinations and decreases of 14,500 MT), Taiwan (70,700 MT), Mexico (41,800 MT), unknown destinations (37,500 MT), Egypt (29,700 MT), Japan (21,000 MT), and Cuba (16,000 MT). Decreases were reported for Venezuela (2,400 MT) and Turkey (900 MT). Exports of 1,433,600 MT were up 67% from the previous week and up noticeably from the prior 4-week average. The primary destinations were China (1,018,500 MT) Mexico (149,200 MT), Taiwan (66,600 MT), Egypt (62,700 MT), Saudi Arabia (57,500 MT), and Canada (28,600 MT). Note: Accumulated exports were adjusted down 26,000 MT for Turkey and adjusted up 26,000 MT for Canada.

Soybean Cake and Meal: Net sales of 176,200 MT were up 52% from the previous week. Increases were reported for Mexico (49,400 MT), the Philippines (44,500 MT), Ireland (26,700 MT), New Zealand (26,400 MT, switched from Australia), and Latvia (25,500 MT, switched from unknown destinations). Decreases were reported for unknown destinations (75,500 MT). Net sales of 3,200 MT for delivery in 2010/11 were for Mexico (2,900 MT) and Canada (300 MT). Exports of 165,700 MT were double the previous week. The primary destinations were New Zealand (26,400 MT), Latvia (25,500 MT), Australia (24,800 MT), Canada (23,000 MT), and Venezuela (21,500 MT).

Soybean Oil
: Net sales of 9,200 MT were down 61% from the previous week. Increases were reported for Peru (19,900 MT, including 10,500 MT switched from unknown destinations and 6,000 MT switched from the Dominican Republic), Morocco (2,000 MT), and Mexico (1,500 MT). Decreases were reported for unknown destinations (10,500 MT) and the Dominican Republic (6,000 MT). Exports of 27,600 MT were primarily to Morocco (14,500 MT), Peru (5,000 MT), Jamaica (3,200 MT) and Tunisia (2,000 MT).

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