Net soybean export sales were a bit below average during the week ending Nov. 3, continuing the slower pace of recent weeks. There was a rise for week-over-week exports during the period.
Soybean export volumes to China slowed somewhat during the week to 1.9 MMT, with China’s share of U.S. total soybean exports falling slightly to 71.5 percent. This was the second consecutive week of week-on-week declines, although exports to China remained seasonally high. Export sales to China picked up to 927,113 MT from the previous week’s 744,983 MT.
The week of Nov. 3 recorded the highest volume (254,885 MT) of soybeans shipped out to Mexico for at least the past five years.
The November WASDE from USDA showed no change to 2022/23 soybean exports.
Informative, good read !