——Total sales to China decreased by 15.8% year-on-year
Washington, May 12 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 15.8% year-on-year, compared with a 15.8% year-on-year decrease in the previous week.
As of May 5, 2022, the 2021/22 (starting on September 1) soybean export shipments from the United States to China (mainland) were 27.89 million tons, compared with 34.98 million tons in the same period last year.
The United States shipped about 148,000 tons of soybeans to China that week, and 180,000 tons of soybeans to China the previous week.
So far, 2.16 million tonnes of 2021/22 soybeans have been sold but not shipped by the United States to China, up from 720,000 tonnes a year earlier.
So far in 2021/22, total U.S. soybean sales to China (shipped and unloaded) are 30.05 million tons, down 15.8% year-on-year, compared with last week’s 15.8% year-on-year decrease and a 16.4% year-on-year decrease two weeks ago. %.
U.S. soybean sales to China in 2022/23 were 7.3 million tons, unchanged from a week ago.
The USDA’s May 2022 supply and demand report estimated that China’s soybean imports in 2021/22 are expected to be 92 million tons, higher than the 91 million tons forecast in April, and 7.8% lower than the 99.76 million tons in 2021/22.