——Total sales to China increased by 7.2% year-on-year

WASHINGTON, Nov. 3: 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 7.2% year-on-year, following a 10.6% increase the previous week.

As of October 27, 2022, the 2022/23 (starting on September 1) soybean export shipments from the United States to China (mainland) were 6.613 million tons, compared with 7.375 million tons in the same period last year.

The United States shipped 1.995 million tons of soybeans to China that week, and 2.15 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 11.88 million tons, up from 9.88 million tons in the same period last year.

So far in 2022/23, total U.S. soybean sales to China (shipped and unloaded) are 18.49 million tons, up 7.2 percent year-on-year, up 10.6 percent in the previous week, and up 11.1 percent two weeks ago. %.

Year-to-date U.S. soybean export sales totaled 32.3 million tons, up 0.9 percent from 32 million tons in the same period last year and up 4.7 percent 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.