——Total sales to China decreased by 23.7% year-on-year
WASHINGTON, March 10 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 23.7% year-on-year, compared with a year-on-year decrease of 26.6% in the previous week.
As of March 3, 2022, the 2021/22 (starting on September 1) soybean export shipments from the United States to China (mainland) were 25.26 million tons, compared with 34.63 million tons in the same period last year.
The United States shipped 305,000 tons of soybeans to China that week, and 401,000 tons of soybeans to China the previous week.
The amount of 2021/22 soybeans sold but not shipped by the U.S. to China so far is 203,000 tons, down from 1.15 million tons in the same period last year.
So far in 2021/22, total U.S. soybean sales to China (shipped and unloaded) are 27.29 million tons, down 23.7% year-on-year, down 26.6% year-on-year last week, and down 26.7% year-on-year two weeks ago. %.
U.S. soybean sales to China in 2022/23 were 5.233 million tons, up 797,000 tons from a week earlier.
The USDA’s March 2022 supply and demand report estimated that China’s soybean imports in 2021/22 are expected to be 94 million tons, lower than the 9,700 tons forecast in February and 5.77% lower than the previous year’s 99.76 million tons.