WASHINGTON, Jan. 23: The U.S. Department of Agriculture’s weekly export sales report showed that the U.S. sold 1.259 million tons of soybeans to China (mainland) in the week ended Jan. 13, of which 797,000 tons were delivered in 2021/22. Cargo, 462,000 tons to be delivered in 2022/23.
For comparison, the U.S. sold 365,000 tons of soybeans to China the previous week, including 302,000 tons for delivery in 2021/22 and 63,000 tons for delivery in 2022/23.
Judging from the sales of other grains, China bought 77,000 tons of corn and 184,000 tons of sorghum from the United States that week. The U.S. shipped 349,000 tons of corn, 136,000 tons of sorghum and 1.25 million tons of soybeans to China that week.
Based on the Phase 1 agreement signed by China and the United States in January 2020, China has committed to purchase $80.1 billion in U.S. agricultural products over a two-year period from January 2020 to December 2021. According to statistics released by the Peterson Institute in December, in the 23 months to November 2021, China had purchased $56.3 billion of U.S. agricultural products, equivalent to 76% of the $74 billion target at the end of October.
China bought $23.5 billion in U.S. agricultural products in calendar 2020, equivalent to 64 percent of its first-year purchase target.