Weekly Export Activity

Weekly soybean export sales for the 2020/21 marketing year of 15.7 thousand metric tons (TMT) were 12 percent below last week’s total and 75 percent under the four-week average of 63.1 TMT. There were 105 TMT in sales recorded for the 2021/22 crop season, lifting total sales to 120.7 TMT. Combined crop year sales were 39 percent below last week but within analyst estimates that ranged from 100 to 400 TMT. 2020/21 export commitments are 99 percent of the revised USDA forecast with 12 weeks remaining in the current crop season. Export sales are 42 percent over the 2019/20 crop year pace. Major purchases were reported for Haiti, Honduras, and Mexico.

Soybean meal sales for the 2020/21 marketing year of 136.3 TMT were 37 percent below last week and 20 percent below the prior four-week average of 170 TMT. There were 3.9 TMT in sales recorded for the 2021/22 crop season, lifting total…