Soybean Exports of 164K A New Marketing Year Low

Posted on June 21, 2012


The stronger US dollar continues to hamper exports as 2011/2012 marketing year net sales of 163,800 metric tons is 56 percent  lower than last week and a marketing year low. Order cancellations totaled 152,100 metric tons, which is the highest total since March 15th when order cancellations totalled 185,400 metric tons. Net sales for the 2012/2013 marketing year totaled 444,200 metric tons, slightly lower than the previous week.

Week Ending: 6/14/2012
Country Metric Tons Marketing
Year
Notes
Mexico 20,500 2011/2012  
Japan 72,000 2011/2012 Includes 9,000 switched from unknown destinations
China -83,100 2011/2012  
Canada 21,900 2011/2012  
Netherlands 23,500 2011/2012 Includes 21,500 switched from unknown destinations
Unknown 101,500 2011/2012  
2012/2013 Marketing Year  
China 434,000 2012/2013  

Weekly soybean exports of 433,600 is 15 percent lower than a week ago. Accumulated exports for the 2011/2012 marketing year are 15 percent behind last years pace. Primary export destinations listed below.

Week Ending: 6/14/2012 Marketing Year Data
Country Metric Tons YTD
Metric Tons
Last YTD
Metric Tons
Change
China 250,600 21,136,200 23,965,100 -11.8%
Indonesia 24,100 1,296,900 1,312,400 -1.2%
Netherlands 23,500 538,300 970,000 -44.5%
Mexico 58,500 2,558,000 2,650,900 -3.5%
Japan 43,700 1,453,300 1,591,800 -8.7%
Taiwan 12,600 780,000 1,304,500 -40.2%

Recent Blog Posts At The Mays Report

Most Recent Articles Published Exclusively at Seeking Alpha

Advertisements