——Total sales to China decreased by 21.3% year-on-year
WASHINGTON, March 31: 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 21.3% year-on-year, compared with a year-on-year decrease of 22.7% in the previous week.
As of March 24, 2022, the 2021/22 (starting September 1) soybean export shipments from the United States to China (mainland) were 26.12 million tons, compared with 34.8 million tons in the same period last year.
The United States shipped 330,000 tons of soybeans to China that week, and 160,000 tons of soybeans to China the previous week.
U.S. soybean sales to China in 2021/22 have so far been 2.19 million tonnes, up from 1.17 million tonnes in the same period last year.
So far in 2021/22, total U.S. soybean sales to China (both loaded and unloaded) are 28.31 million tons, down 21.3% year-on-year, compared with a 22.7% year-on-year decrease last week and a 22.8% year-on-year decrease two weeks ago. %.
U.S. soybean sales to China in 2022/23 were 5.626 million tons, unchanged from a week ago.
In the March 2022 supply and demand report, the USDA estimated that China’s soybean imports in 2021/22 are expected to be 94 million tons, which is lower than the 97 million tons forecast in February and 5.77% lower than the 99.76 million tons in 2021/22.