Domestic Soybean Oil Exports Rise Sharply on Week

Domestic Soybean Oil Exports Rise Sharply on Week

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During the week ending August 31, U.S. soybean oil exports for the 2022/23 marketing year were 2,500 tonnes (MT), up sharply on the week and the four-week average. The USDA’s Weekly Export Report released on Friday showed the largest buyer was Mexico (1,700 MT). Total U.S. net soybean oil sales reductions of 900 MT for 2022/2023 were down noticeably from the previous week and the four-week average. Decreases were for Canada. 

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