——Total sales to China decreased by 15.3% year-on-year
Washington, July 14 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 15.3% year-on-year, compared with a year-on-year decrease of 14.9% in the previous week.
As of July 7, 2022, the 2021/22 (starting on September 1) soybean export shipments from the United States to China (mainland) were 28.78 million tons, compared with 35.04 million tons in the same period last year.
The United States shipped about 85,000 tons of soybeans to China that week, and 74,000 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 1.58 million tons, up from 780,000 tons in the same period last year.
So far in 2021/22, total U.S. soybean sales to China (shipped and unloaded) are 30.36 million tons, down 15.3% year-on-year, compared with last week’s 14.9% year-on-year decrease and a 14.7% year-on-year decrease two weeks ago. %.
U.S. soybean sales to China in 2022/23 were 7.86 million tons, up 90,000 tons from a week earlier.
In the July 2022 supply and demand report, the USDA estimated that China’s soybean imports in 2021/22 are expected to be 90 million tons, which is 2 million tons lower than the June forecast and 9.8% lower than the 99.76 million tons in 2021/22. Soybean imports in 2022/23 are at 98 million tonnes, down from the June forecast of 99 million tonnes.