——Total sales to China decreased by 14.9% year-on-year

Washington, August 18 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 14.9% in the previous week.

As of August 11, 2022, the 2021/22 (starting on September 1) soybean export shipments from the United States to China (mainland region) were 29.51 million tons, compared with 35.22 million tons in the same period last year.

The United States shipped 285,000 tons of soybeans to China that week, and 248,000 tons of soybeans to China the previous week.

The amount of 2021/22 soybeans sold by the U.S. to China but not shipped so far is 1.11 million tons, up from 740,000 tons in the same period last year.

So far in 2021/22, total U.S. soybean sales to China (shipped and unloaded) are 30.62 million tons, down 14.9% year-on-year, compared with last week’s 14.9% year-on-year decrease and a 14.5% year-on-year decrease two weeks ago. %.

The amount of soybeans sold by the United States to China in 2022/23 was 9.647 million tons, an increase of 779,000 tons from a week ago.

The USDA’s August 2022 supply and demand report estimated that China’s soybean imports in 2021/22 are expected to be 90 million tons, down 9.8% from 99.76 million tons in 2021/22. Soybean imports in 2022/23 are at 98 million tonnes, unchanged from the July forecast.