——Total sales to China decreased by 15.8% year-on-year
WASHINGTON, May 5: The U.S. Department of Agriculture’s weekly export sales report showed that total U.S. soybean export sales to China (mainland) decreased by 15.8% year-on-year, compared with a year-on-year decrease of 16.4% in the previous week.
As of April 28, 2022, the 2021/22 (starting on September 1) soybean export shipments from the United States to China (mainland) were 27.75 million tons, compared with 34.97 million tons in the same period last year.
The United States shipped about 180,000 tons of soybeans to China that week, and 280,000 tons of soybeans to China the previous week.
U.S. soybean sales to China in 2021/22 have so far been 2.3 million tonnes but not shipped, up from 730,000 tonnes a year earlier.
So far in 2021/22, total U.S. soybean sales to China (shipped and unloaded) are 30.05 million tons, down 15.8% year-on-year, compared with a 16.4% year-on-year decrease last week and a 16.7% year-on-year decrease two weeks ago. %.
U.S. soybean sales to China in 2022/23 were 7.3 million tons, up 268,000 tons from a week earlier.
In the April 2022 supply and demand report, the U.S. Department of Agriculture estimated that China’s soybean imports in 2021/22 are expected to be 91 million tons, which is lower than the 94 million tons forecast in March and 8.8% lower than the 99.76 million tons in 2021/22.