July 5, 2022

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The USDA says the U.S. is selling 1.638 million tonnes of 2021/22 soybeans this week

The USDA says the U.S. is selling 1.638 million tonnes of 2021/22 soybeans this week

During the week, China (893.4 thousand tons), Egypt (226,800 tons), Spain (134.2 thousand tons), Mexico (96.8 thousand tons) and Indonesia (93.3 thousand tons) (Image: REUTERS / Ueslei Marcelino) were the main buyers.

Two of the exporters United States Sales of 1.638 million tonnes of soybeans from the 2021/22 crop for the week ended December 2 were announced this Thursday, the 9th. Department of Agriculture (USDA) In the weekly report. The volume is 54% higher than the previous week and 27% higher than the average for the previous four weeks.

During the week, major buyers China (893.4 million tons), Egypt (226.8 million tons), Spain (134.2 million tons), Mexico (96.8 thousand tons) and Indonesia (93.3 thousand tons), which mainly compensates for cancellations made through unpublished spaces (306.4 thousand tons).

The end of the week was within the estimates of the consultants analyzed Dow Jones Newswire, Which expects sales between 1 million tonnes and 1.7 million tonnes.

Exports for the period totaled 2.434 million tonnes. This represents a 5% increase in volume compared to the previous week and an average of 7% indentation in four weeks.

The highlights of the week are China (1.471 m), Spain (134.2 km), Holland (130.3 thousand tons), Mexico (126.9 thousand tons) and Taiwan (93.2 million tons).

* With information from Dow Jones Newswires

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