US sells 139,700 tonnes of soybean meal for the 2020/21 harvest this week, says USDA

US sells 139,700 tonnes of soybean meal for the 2020/21 harvest this week, says USDA
US sells 139,700 tonnes of soybean meal for the 2020/21 harvest this week, says USDA
São Paulo, 1 – Exporters in the United States sold 139,700 tonnes of soybean meal for the 2020/21 harvest in the week ended March 25, the country’s Department of Agriculture (USDA) said on Thursday. The volume is 17% less than reported the previous week and 34% less than the average for the previous four weeks.

The main buyers were Colombia (66,200 t), Canada (19,900 t), Guatemala (10,000 t), Jamaica (9,000 t), and Mexico (9,000 t), which compensated for cancellations made mainly by Nicaragua (5,300 t) and El Salvador (2,900 t).

For the 2021/22 harvest, cancellations made by Canada exceeded sales by 300 tons.

The result of the sum of the two harvests was below the estimates made by analysts consulted by Dow Jones Newswires, which expected sales between 100 thousand tons and 275 thousand tons in the week.

Shipments abroad totaled 257.4 thousand tons, down 9% compared to the previous week and down 13% compared to the average of the previous four weeks.

The main destinations were Colombia (70,600 t), Philippines (50,400 t), Mexico (33,400 t), Honduras (24,300 t) and Canada (22,700 t).

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