U.S. soybean oil exports for 2022/23 were down 81 percent to 2,000 tonnes (MT) during the week ending August 3, the USDA’s Weekly Export Report showed on Thursday. This was also down 37 percent from the four-week average. Top buyers were Canada (1,300 MT, including 800 MT-late in the period) and Mexico (700 MT).

Net 2022/23 U.S. soybean oil sales reductions of 700 MT were down noticeably from the previous week and the four-week average. Increases for Canada (300 MT, including decreases of 600 MT and 800 MT-late in the period) were more than offset by reductions to Guatemala (1,000 MT). 

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