——Total sales to China decreased by 14.7% year-on-year
Washington, May 19 News: 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 14.7% year-on-year, compared with a year-on-year decrease of 15.8% in the previous week.
As of May 12, 2022, the 2021/22 (starting on September 1) soybean export shipments from the United States to China (mainland) were 28.12 million tons, compared with 34.99 million tons in the same period last year.
The United States shipped about 231,000 tons of soybeans to China that week, and 148,000 tons of soybeans to China the previous week.
The amount of 2021/22 soybeans sold but not shipped by the U.S. to China so far is 2.319 million tons, up from 708,000 tons in the same period last year.
So far in 2021/22, total U.S. soybean sales to China (shipped and unloaded) are 30.44 million tons, down 14.7% year-on-year, down 15.8% year-on-year last week, and down 15.8% year-on-year two weeks ago. %.
U.S. soybean sales to China in 2022/23 were 7.306 million tons, 0.8 million tons higher than a week earlier.
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.