Soybean exporters have seen brisk business since March, with sales and shipments well above average levels for this time of year. Data for the week ending Apr. 21 shows a bit of a slowdown in shipment pace, while sales were a bit higher than the previous week. With outstanding sales close to 400 million bushels and expectations of good late-season demand from China, USDA might increase 2021/22 exports in the May WASDE.
Sales of 2022/23 soybeans were 10.74 MMT as of Apr. 21, a record for the week. Sales to China accounted for about 70 percent of the total.
Weekly soybean exports by season
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