According to the US Department of Agriculture, for the period May 7- May 13, 2021 about soybean net sales of 84,200 MT for 2020/2021 were down 11% from the previous week and 45% from the prior 4-week average. Increases primarily for Japan (57,800 MT, including 42,300 MT switched from unknown destinations and decreases of 1,300 MT), Egypt (55,000 MT, including 50,000 MT switched from unknown destinations), SouthKorea (25,800 MT, including 25,000 MT switched from unknown destinations), Vietnam (12,600 MT, including decreases of 100 MT), and Canada (12,200 MT), were offset by reductions primarily for unknown destinations (101,300 MT). For 2021/2022, net sales of 96,000 MT were primarily for Mexico (47,500 MT) and unknown destinations (47,500 MT). Exports of 335,600 MT were up 18% from the previous week and 20% from the prior 4-week average. The destinations were primarily to Mexico (103,400 MT), Japan (67,600 MT), Egypt (55,000 MT), Indonesia (30,900 MT), and South Korea (26,000 MT).
