U.S. soybean exports for the week of Apr. 27 picked up by 24 percent from the previous week, putting accumulated shipments at 47.1 MMT (1.7 billion bushels). Weekly net export sales dropped to 289,730 MT. This year saw the lowest net export sales figures for the month of April since April 2021.
The week of Apr. 27 recorded soybean export volumes to China at 190,769 MT, an increase of 36 percent week over week, and a year-over-year increase of 7.2 percent. China’s share of U.S. total soybean exports rose to 34 percent. Cumulative exports to China as of Apr. 27 were up 11.5 percent from the previous year.
Shipments to Mexico for the week of Apr. 27 dropped for the third consecutive week, this time by 23 percent from the previous week to 40,540 MT. Weekly net sales of soybean exports shipped to Mexico dropped to 28,599 MT.
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