USDA Weekly Export Sales Report: US soybean sales exceed market expectations, China imports 961,200 tons
USDA Weekly Export Sales Report: US soybean sales exceed market expectations, China imports 961,200 tons
On the morning of Friday, November 13, Eastern Time, the US Department of Agriculture (USDA) released its weekly export sales report for the week ending Thursday, November 5. For that week, net export sales of US 2009/10 marketing year (beginning September 1, 2009) soybeans totaled 1,272,500 tons, significantly higher than the previous week and up 82% from the prior four-week average, exceeding the upper end of the 500,000-700,000 ton range previously forecast by analysts. Countries and regions with increased imports included China at 961,200 tons (of which 168,600 tons were transferred from anonymous buyers, with 147,600 tons of imports reduced), Japan at 126,700 tons (of which 54,000 tons were transferred from anonymous buyers), Mexico at 85,700 tons, Canada at 84,400 tons (of which 50,000 tons were transferred from anonymous buyers), Taiwan, China at 71,700 tons, Spain at 67,400 tons (of which 58,000 tons were transferred from the Netherlands), and Thailand at 57,900 tons (of which 55,000 tons were transferred from China). Countries that reduced imports were anonymous buyers at 281,000 tons, the Netherlands at 58,000 tons, and Italy at 18,000 tons.
For that week, US 2009/10 marketing year soybean export shipments totaled 1,633,000 tons, up 1% and 45% from the previous week and the prior four-week average, respectively, setting a new high for this marketing year. The main destinations were China at 1,130,000 tons, Japan at 140,100 tons, Canada at 84,400 tons, Spain at 67,400 tons, Mexico at 62,200 tons, and Thailand at 60,100 tons.
As of November 5, cumulative US 2009/10 marketing year soybean export sales totaled 24,681,800 tons, compared with 15,620,900 tons in the same period last year; cumulative export shipments were 7,250,600 tons, compared with 6,181,700 tons in the same period last year.
So far this marketing year, China has cumulatively purchased 15,119,000 tons of US soybeans, compared with 8,284,200 tons in the same period last year; cumulative shipments were 4,726,100 tons, compared with 3,811,900 tons in the same period last year.
For that week, net export sales of US 2009/10 marketing year (beginning October 1, 2009) soybean meal totaled 224,100 tons, up 92% from the previous week and exceeding the upper end of the 75,000-200,000 ton range previously forecast by the market. For that week, US 2009/10 marketing year soybean meal export shipments totaled 179,800 tons, up 5% from the previous week.
For that week, net export sales of US 2009/10 marketing year (beginning October 1, 2009) soybean oil totaled 5,800 tons, within the 5,000-25,000 ton range previously forecast by the market. For that week, US 2009/10 marketing year soybean oil export shipments totaled 27,200 tons, down 73% from the previous week.
For that week, net export sales of US 2009/10 marketing year (beginning September 1, 2009) corn totaled 488,500 tons, down 13% from the previous week and up 9% from the prior four-week average, within the 400,000-700,000 ton range previously forecast by the market. For that week, US 2009/10 marketing year corn export shipments totaled 758,000 tons, up 7% from the previous week and up 6% from the prior four-week average. As of November 5, cumulative US 2009/10 marketing year corn export sales totaled 18,338,500 tons, compared with 17,435,000 tons in the same period last year, and export shipments were 8,468,000 tons, compared with 7,702,200 tons in the same period last year.
For that week, US 2009/10 marketing year soybean export shipments totaled 1,633,000 tons, up 1% and 45% from the previous week and the prior four-week average, respectively, setting a new high for this marketing year. The main destinations were China at 1,130,000 tons, Japan at 140,100 tons, Canada at 84,400 tons, Spain at 67,400 tons, Mexico at 62,200 tons, and Thailand at 60,100 tons.
As of November 5, cumulative US 2009/10 marketing year soybean export sales totaled 24,681,800 tons, compared with 15,620,900 tons in the same period last year; cumulative export shipments were 7,250,600 tons, compared with 6,181,700 tons in the same period last year.
So far this marketing year, China has cumulatively purchased 15,119,000 tons of US soybeans, compared with 8,284,200 tons in the same period last year; cumulative shipments were 4,726,100 tons, compared with 3,811,900 tons in the same period last year.
For that week, net export sales of US 2009/10 marketing year (beginning October 1, 2009) soybean meal totaled 224,100 tons, up 92% from the previous week and exceeding the upper end of the 75,000-200,000 ton range previously forecast by the market. For that week, US 2009/10 marketing year soybean meal export shipments totaled 179,800 tons, up 5% from the previous week.
For that week, net export sales of US 2009/10 marketing year (beginning October 1, 2009) soybean oil totaled 5,800 tons, within the 5,000-25,000 ton range previously forecast by the market. For that week, US 2009/10 marketing year soybean oil export shipments totaled 27,200 tons, down 73% from the previous week.
For that week, net export sales of US 2009/10 marketing year (beginning September 1, 2009) corn totaled 488,500 tons, down 13% from the previous week and up 9% from the prior four-week average, within the 400,000-700,000 ton range previously forecast by the market. For that week, US 2009/10 marketing year corn export shipments totaled 758,000 tons, up 7% from the previous week and up 6% from the prior four-week average. As of November 5, cumulative US 2009/10 marketing year corn export sales totaled 18,338,500 tons, compared with 17,435,000 tons in the same period last year, and export shipments were 8,468,000 tons, compared with 7,702,200 tons in the same period last year.