As of the week of December 16, China bought 730,000 tons of soybeans from the United States

Washington, December 23: The weekly export sales report released by the US Department of Agriculture shows that in the week ending on December 16, the United States sold 730,000 tons of soybeans for delivery in 2020/22 to China (Mainland China). For comparison, the US sold 990,000 tons of soybeans to China in the previous week.

Looking at the sales of other grains, China ordered 412,000 tons of American sorghum that week. In addition, the United States shipped 209,000 tons of corn, 315,000 tons of sorghum and 1.05 million tons of soybeans to China that week.

According to the latest statistics from the Peterson Institute, the purchases in 2020 and 2021 are combined. According to the first phase agreement signed between China and the United States in January 2020, China has pledged to purchase US$80.1 billion in US agricultural products in the two years from January 2020 to December 2021. In the 22 months ending in October 2021, China has purchased US$52.5 billion in U.S. agricultural products, which is equivalent to 76% of the US$69.8 billion target at the end of October.

In the calendar year of 2020, China bought US$23.5 billion in US agricultural products, which is equivalent to 64% of the first year’s purchase target.