——Total sales to China increased by 10.6% year-on-year

WASHINGTON, Oct. 27: The U.S. Department of Agriculture’s weekly export sales report showed that total U.S. soybean export sales to China (mainland) so far this year rose 10.6% year-on-year, after an 11.1% increase the previous week.

As of October 20, 2022, the 2022/23 (starting on September 1) soybean export shipments from the United States to China (mainland) were 4.618 million tons, compared with 5.511 million tons in the same period last year.

The United States shipped 2.15 million tons of soybeans to China that week, and 1.4 million tons of soybeans to China the previous week.

The amount of 2022/23 soybeans sold by the United States to China but not shipped so far is 13.13 million tons, up from 10.53 million tons in the same period last year.

So far in 2022/23, total U.S. soybean sales to China (shipped and unloaded) are 17.75 million tons, an increase of 10.6% year-on-year. %.

U.S. soybean export sales totaled 31.55 million tons, an increase of 4.7% from 30.14 million tons in the same period last year, and a 5.0% increase last week.

In its October 2022 supply and demand report, the U.S. Department of Agriculture estimated that China’s soybean imports in 2022/23 would be 98 million tons, up 1 million tons from September and 8.89% higher than the 90 million tons in 2021/22.