US soybean exports jump more than 35% week on week: USDA

Chemical News: US soybean exports jump more than 35% week on week: USDA

https://www.chemnet.com May 22,2015 Platts
Soybean oil net export sales jumped more than 35% last week, rising for the third time in the last four weeks, US Department of Agriculture data showed Thursday.

Soybean oil net export sales jumped 2,604 mt to 9,927 mt for the reporting week ended May 14. Weekly physical exports for soybean oil rose 245 mt to 3,877 mt.

The top countries to which the US sold current marketing year soybean oil were Mexico at 6,300 mt, the Dominican Republic at 3,250 mt and Canada at 111 mt.

The top weekly physical soybean oil export destinations were Mexico at 3,340 mt, Canada at 202 mt, and Trinidad and Tobago at 63 mt.

Net sales are considered a more appropriate indicator for the strength of the soybean oil market. The difference between weekly net export sales and weekly exports is timing, with the agricultural products first bought -- the weekly net export sales figure -- and then physically exported, which is the weekly physical export figure.
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