Oilseeds

Dry weather and high temperatures in the last months of 2022 have damaged the Marketing Year (MY) 2022/23 Argentine soybean crop, particularly affecting first crop soybeans within a 125 kilometer radius of Rosario, Santa Fe Province.

On January 11, 2023, India’s Ministry of Commerce and Industry/Directorate General of Foreign Trade (DGFT) issued Public Notice No. 50/2015-20. The notice specifies that India amended its previous tariff-rate quota of 2 million metric tons for crude soybean oil, previously allowable at a zero percent duty through Indian fiscal years (IFY) 2022/23 and 2023/24 (April 1-March 31).

This monthly report includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in oilseeds.

Private exporters reported sales of 132,000 MT of soybeans for delivery to unknown destinations during MY 2023/2024.

Private exporters reported sales of 106,000 MT of soybeans for delivery to China during MY 2023/2024.

Private exporters reported the following activity for MY 2022/2023: 100,000 MT of corn for delivery to unknown destinations and 130,000 MT of soybeans for delivery to unknown destinations.