US sells 330,100 tonnes of 2021/22 soybean meal this week, says USDA

US sells 330,100 tonnes of 2021/22 soybean meal this week, says USDA

SAO PAULO, 27 – US exporters sold 330,100 tonnes of soybean meal from the 2021/22 crop in the week ending January 20, the country’s Department of Agriculture (USDA) reported in a weekly report this Thursday. , Volume is up 5% over the last week and is significantly higher than the last four-week average.

The main buyers were Ecuador (70,900 tons), Vietnam (50,000 tons), the Philippines (48,800 tons), Honduras (37,000 tons) and Guatemala (36,700 tons), compensating for cancellations by Thailand (53 thousand tons) and Mexico. . 44.3 thousand t).

For the 2022/23 crop, cancellation sales exceeded 99 thousand tons. During the week, the main buyers were Canada (600 tons) and Japan (400 tons), which did not compensate for the cancellations made by Spain (100 thousand tons).

The sum of the two crops was above the forecast consulted by analysts dow jones newswireswhich is expected to volume between 100 thousand to 600 thousand tons a week.

The total overseas shipments during this period stood at 327.1 thousand tonnes, an increase of 26% over the previous week and 51% higher than the average of the last four weeks. The main destinations were Ecuador (70.3 thousand tons), the Philippines (51.7 thousand tons), Denmark (48.7 thousand tons), Thailand (47 thousand tons) and Morocco (29.7 thousand tons).

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