U.S. soybean oil weekly net export sales reached 2,200 tons, with Mexico as the largest buyer.

(1) According to data from the US Department of Agriculture, as of the week ending June 11, the net sales volume of US soybean oil exports was approximately 2,200 tons, all for delivery in the current market year, with no new orders for the next market year. (2) The main buyer was Mexico, with a net purchase of 1,300 tons during the week. Canada ranked second with 800 tons, Oman purchased 200 tons, and the Dominican Republic, Kuwait, and Saudi Arabia also made small purchases. (3) The actual export shipments of soybean oil during the week totaled 1,700 tons, including 1,300 tons shipped to Mexico, 300 tons to Canada, and 200 tons to Oman. The shipment progress closely matched the new sales for the week. (4) From the sales structure perspective, demand for soybean oil exports remains concentrated in the North American and Middle Eastern markets. The relatively small total volume reflects intense competition in global vegetable oil supply. Going forward, attention should be paid to changes in South American soybean oil discounts and the potential impact of biodiesel policies on US soybean oil export demand.