Markets Extra

Big US soybean export sales order top 3m tonnes for August

Markets Extra19 Aug 2020by Markets Extra

August is proving even faster than July for US soybean export sales - at least, in terms of USDA announcements of big orders.

As of August 19, sales announced through the USDA’s daily alerts system had reached 3.09m tonnes, ahead of the 1.91m tonnes as of the same stage of July.

Again the demand is being driven by China.

USDA export sale announcements for soybeans
Date of announcement	For 2019-20 delivery		For 2020-21 delivery		Total
	Volume (tonnes)	Destination	Volume (tonnes)	Destination	Total (tonnes)
August 19			192,000	China	192,000
August 18			130,000	China	130,000
August 14			126,000	China	126,000
August 13			197,000	China	197,000
			202,000	Unknown	202,000
August 12			258,000	China	258,000
			120,000	Unknown	120,000
			132,000	China	132,000
August 11			324,000	China	324,000
August 10			264,000	China	264,000
			111,000	Unknown	111,000
August 9			456,000	China	456,000
August 6			126,000	China	126,000
August 5			192,000	China	192,000
August 3	8,000	Unknown	252,000	Unknown	260,000
Total	8,000		3,082,000		3,090,000

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