The USDA reveals that the USA has marketed 243.4 thousand tons of soybean meal from the 2023/24 harvest.

Exporters from the United States reported sales of 243,400 tons of soybean meal from the 2023/24 harvest, including cancellations, in the week ending March 14, according to the country's Department of Agriculture (USDA). This represents a 16% increase compared to the previous week but a 5% decrease compared to the average of the previous four weeks.

The main buyers were Vietnam (53,500 t), undisclosed destinations (50,000 t), Philippines (46,000 t), Venezuela (22,700 t), and Morocco (22,000 t). These sales compensated for cancellations made by Greece (10.4 thousand t) and Nicaragua (8.6 thousand t).

For the 2024/25 commercial year, sales of 42.3 thousand tons were reported to Canada (41.8 thousand t) and Sri Lanka (500 t).

Total sales, amounting to 285.7 thousand tons, fell within analyst estimates, which ranged from sales of 150 thousand tons to 425 thousand tons.

Shipments during the week totaled 328 thousand tons, reflecting a 12% decrease compared to the previous week and a 1% decrease compared to the average of the previous four weeks. The main destinations for these shipments were Mexico (59.1 thousand t), Vietnam (54.3 thousand t), Greece (33.6 thousand t), Colombia (29.7 thousand t), and Venezuela (27.7 thousand t).