U.S. Soy Exports Drop From Last Week

Export sales of U.S. soy products, including beans, meal and oil, all fell from their reported levels last week, says the U.S. Department of Agriculture.

In this week's export sales report, the USDA says that export sales of U.S. soybeans totaled 902,900 metric tons for the week ended Sept. 16, down from last week's sales of 1.27 million tons. Meanwhile, soybean meal sales totaled 45,000 tons, and soyoil sales totaled 4,300 tons, both down from last week.

The low sales of soymeal in particular missed the expectations of grains traders surveyed by The Wall Street Journal, who had forecast sales anywhere from 75,000 tons to 200,000 tons.

China was again the largest buyer of U.S. soybeans this week, announcing new purchases of 624,200 tons, according to the USDA.

To see related data, search "U.S. Export Sales: Weekly Shipment Totals" in Dow Jones NewsPlus.

Write to Kirk Maltais at kirk.maltais@wsj.com

  (END) Dow Jones Newswires
  09-23-21 0918ET
  Copyright (c) 2021 Dow Jones & Company, Inc.

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.