——Total sales to China increased by 12.0% year-on-year

Washington, October 16 News: The U.S. Department of Agriculture’s weekly export sales report showed that the total U.S. soybean export sales to China (mainland) increased by 12.0% year-on-year, after a year-on-year increase of 12.8% in the previous week.

As of October 6, 2022, the 2022/23 (starting on September 1) soybean export shipments from the United States to China (mainland) were 1.066 million tons, compared with 2.060 million tons in the same period last year.

The United States shipped 607,000 tons of soybeans to China that week, and 66,000 tons of soybeans to China the previous week.

The amount of 2022/23 soybeans that the United States has sold but not shipped to China so far is 13.59 million tons, up from 11.02 million tons in the same period last year.

So far in 2022/23, total U.S. soybean sales to China (shipped and unloaded) are 14.65 million tons, an increase of 12.0% year-on-year, a 12.8% year-on-year increase in the previous week, and a 17.9% year-on-year increase two weeks ago. %.

In its October 2022 supply and demand report, the U.S. Department of Agriculture estimated that China’s soybean imports in 2022/23 will be 98 million tons, up 1 million tons from September and 8.89% higher than the 90 million tons in 2021/22.