Analysis of soybean export in the United States

Introduction: the number of US soybean export commitments in mid November was 577 million bushels, higher than 454 million bushels in the same period last year, the highest in 25 years The average export commitment for the same period was 374 million bushels The U.S Department of agriculture predicted in November that U.S soybean exports in 2001 / 02 were 980 million bushels the same as those in October, down 18 million bushels from 2000 / 01 According to the analysis of export commitments on November 15, it means that 59% of the annual export volume forecast has been ordered As of mid November, the average ratio of export commitments to annual exports was 49% Based on the periodicity of export commitments and annual export volume, the average soybean export sales volume in the same period is about 482 million bushels U.S soybean export commitments to 12 EU countries are 127 million bushels, 7 million bushels higher than the same period last year It is estimated that the EU purchased 250 million bushels of us soybeans in 2001 / 02, about 3 million bushels higher than last year The number of soybean export commitments to Mexico was 55 million bushels, 15 million bushels lower than the same period last year Soybean export commitments to Japan, South Korea, Taiwan and China were lower than the same period last year The four Asian countries are expected to account for 47% of U.S soybean exports Over the same period, the four countries accounted for an average of 34% of total annual purchases The figures for these export commitments are likely to be incorrect as 105 million bushels of export sales are registered as unknown Unknown land sales accounted for 32% of total sales and 18% of soybean export commitments The U.S Department of agriculture forecasts that soybean meal exports in 2001 / 02 will be 250000 tons higher than last month, to 7.65 million tons 50000 tons higher than the export volume in 2000 / 01 So far, soybean meal export commitments are lower than meeting USDA's target exports (author:) share to feed Weibo share to: