Soybean exports for the week of Jul. 13 slowed by 29.1 percent from the previous week, putting accumulated shipments at 49.9 MMT (1.8 billion bushels). Weekly net export sales, on the other hand, increased to 127,047 MT. Outstanding sales were down to 2.8 MMT (102 million bushels).

The week of Jul. 13 saw soybean export volumes to China up by 18.8 percent week over week, increasing China’s share of U.S. total soybean exports to 3.1 percent. There were no net export sales recorded for the week under review.

Weekly soybean exports to Mexico increased by 64.8 percent to 55,589 MT with outstanding sales at 546,394 MT. 541 MT of soybean exports to the country were cancelled.

The full version of this commentary appeared on our IQ platform Jul. 20, 2023. Further information, statistics, and pricing for the soy complex are available to IQ subscribers. Learn more about becoming a subscriber.

Posted by: Information Services
Our Information Services team assists our clients with understanding commodity and ingredient market dynamics. Using our extensive database of intelligence, we also produce regular commodity and commercial market publications covering supply and demand fundamentals, news alerts on events that shape the markets, and resource guides to give you a complete picture of the industries we monitor.