USDA sells 276,800 tonnes of soybeans a week from 2021/22 harvest, USDA said

USDA sells 276,800 tonnes of soybeans a week from 2021/22 harvest, USDA said

SAO PAULO, 26 – US exporters sold 276,800 tonnes of soybeans from the 2021/22 crop in the week ending May 19, the country’s Department of Agriculture (USDA) reported this Thursday, 26 weekly. The volume represents a decline of 63% over the previous week and 48% compared to the average of the past four weeks.

During the week, the main buyers were Egypt (132,600 tons), Japan (123,600 tons), the Netherlands (66,000 tons), Indonesia (58,000 tons) and Mexico (54,700 tons), offset by cancellations by China (108.4 thousand tons). We do. , Taiwan (54.8 thousand tons) and unknown destination (6.9 thousand tons).

For the 2022/23 crop, 443 thousand tons were sold. The main buyers were unknown destinations (284,000 tonnes), Mexico (95,000 tonnes) and Taiwan (64,000 tonnes).

The sum of the two crops within the forecast of the analysts consulted by dow jones newswiresThose who expected a volume of between 400 thousand tons and 1.3 million tons a week.

The total shipments in this period were 539.5 thousand tons. Volume is down 44% from the previous week and 20% below the four-week average. The main destinations during the week were China (169.7 thousand tons), Mexico (90.3 thousand tons), Egypt (67.6 thousand tons), Indonesia (66.4 thousand tons) and the Netherlands (66 thousand tons).

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