US soybean exports have hit a new high

Unknown destinations accounted for 721 300 t, the Netherlands accounted for 123 500 t, including 117 000 t switched from unknown destinations. Vietnam was responsible for 72 600 t, including 66 000 t switched from unknown destinations, and Turkey imported 72 300 t, including 66 000 t switched from unknown destinations. This was offset by reductions for Colombia by 1000 t, Barbados 200 t, and Costa Rica 100 t.

Exports of 1 991 300 t were down 11% from the previous week and 7% from the prior four-week average. The primary export destinations were to China 1 221 700 t, the Netherlands 123 500 t, Bangladesh 122 500 t, Mexico 109 100 t, and Vietnam 79 900 t.