Net Sales of US Soybean (2024/25 Season)

US Soybean Market Total Sales: 2,273,300 tons for the week ending October 24, 2024Comparison to Previous Week: 6% increaseComparison to Four-Week Average: 39% increase

Major Buyers

China led the US soybean sales, purchasing 715,000 tons, reflecting the nation's strong demand for soybeans.

US Soybean Weekly Exports

US soybean exports totaled 2,445,200 tons, unchanged from the previous week but showcasing strong interest from international markets.

Total Exports: 2,445,200 tonsComparison to Previous Week: UnchangedComparison to Four-Week Average: 45% increase

Market Analysis:

The recent surge in US soybean sales and overseas shipments*, led by interest from China and unspecified buyers, indicates a positive market trend. This growth, surpassing the four-week average, underscores robust demand for soy products, suggesting sustained export momentum.





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