Soybean export sales climb 30 percent

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According to the USDA's latest U.S. Export Sales report, soybean net sales of 800,100 MT were up 30 percent from last week and 23 percent from the 4-week average.  

Increases were primarily for China (436,800 MT), unknown destinations (159,000 MT), Egypt (69,300 MT), Mexico (38,000 MT), Indonesia (17,700 MT), and Taiwan (16,700 MT).  Net sales of 153,600 MT for delivery in the 2012/2013 marketing year were for China (118,000 MT) and Mexico (45,000 MT).  

Decreases were reported for Japan (9,400 MT).  Exports of 401,300 MT were reported primarily to China (252,200 MT), Mexico (59,400 MT), Egypt (33,300 MT), Indonesia (16,400 MT), Taiwan (9,100 MT), and Israel (8,800 MT).  

Soybean futures closed 16 to 23 cents lower on Wednesday on new that China may cancel or roll forward old crop sales to the new year. On Thursday futures opened 12 to 14 cents higher.

  Sales 800,126 616,256 183,870
Average 547,695 603,608 602,492
High 926,225 1,159,407 1,159,407
Low 356,677 281,289 308,430

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