——Total sales to China decreased by 14.9% year-on-year
Washington, August 11 News: The U.S. Department of Agriculture’s weekly export sales report showed that the total U.S. soybean export sales to China (mainland) decreased by 14.9% year-on-year, compared with a year-on-year decrease of 14.5% in the previous week.
As of August 4, 2022, the 2021/22 (starting September 1) soybean export shipments from the United States to China (mainland) were 29.22 million tons, compared with 35.07 million tons in the same period last year.
The United States shipped 248,000 tons of soybeans to China that week, and 53,000 tons of soybeans to China the previous week.
U.S. soybean sales to China in 2021/22 have so far been 1.31 million tonnes but not shipped, up from 800,000 tonnes a year earlier.
So far in 2021/22, total U.S. soybean sales to China (shipped and unloaded) are 30.6 million tons, down 14.9 percent year-on-year, down 14.5 percent last week and down 14.9 percent two weeks ago. %.
U.S. soybean sales to China in 2022/23 were 8.868 million tons, an increase of 195,000 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.