——Total sales to China decreased by 14.8% year-on-year

Washington, July 21 News: The U.S. Department of Agriculture’s weekly export sales report showed that total U.S. soybean export sales to China (mainland) decreased by 14.8% year-on-year, compared with a year-on-year decrease of 15.3% in the previous week.

As of July 14, 2022, the 2021/22 (starting on September 1) soybean export shipments from the United States to China (mainland) were 28.92 million tons, compared with 35.05 million tons in the same period last year.

The United States shipped about 140,000 tons of soybeans to China that week, and 85,000 tons of soybeans to China the previous week.

The amount of 2021/22 soybeans sold but not shipped by the U.S. to China so far is 1.59 million tonnes, up from 780,000 tonnes a year earlier.

So far in 2021/22, total U.S. soybean sales to China (both loaded and unloaded) are 30.51 million tons, down 14.8% year-on-year, compared with a 15.3% year-on-year decrease last week and a 14.9% year-on-year decrease two weeks ago. %.

U.S. soybean sales to China in 2022/23 were 7.99 million tons, up 136,000 tons from a week earlier.

In the July 2022 supply and demand report, the USDA estimated that China’s soybean imports in 2021/22 are expected to be 90 million tons, which is 2 million tons lower than the June forecast and 9.8% lower than the 99.76 million tons in 2021/22. Soybean imports in 2022/23 are at 98 million tonnes, down from the June forecast of 99 million tonnes.

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