——Total sales to China decreased by 19.6% year-on-year
Washington, April 7 news: The U.S. Department of Agriculture’s weekly export sales report showed that total U.S. soybean export sales to China (mainland) decreased by 19.6% year-on-year, compared with a year-on-year decrease of 21.3% in the previous week.
As of March 31, 2022, the 2021/22 (starting on September 1) soybean export shipments from the United States to China (mainland) were 26.58 million tons, compared with 34.82 million tons in the same period last year.
The United States shipped about 460,000 tons of soybeans to China that week, compared with 330,000 tons of soybeans shipped to China the previous week.
The amount of 2021/22 soybeans sold but not shipped by the U.S. to China so far is 2.17 million tons, up from 940,000 tons in the same period last year.
So far in 2021/22, total U.S. soybean sales to China (shipped and unloaded) are 28.75 million tons, down 19.6% year-on-year, down 21.3% year-on-year last week, and down 22.7% year-on-year two weeks ago. %.
U.S. soybean sales to China in 2022/23 were 5.626 million tons, unchanged from a week ago.
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, down from 97 million tons forecast in February and 5.77% lower than the 99.76 million tons in 2021/22.