——Total sales to China decreased by 15.2% year-on-year
Washington, June 5 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 15.2% year-on-year, compared with a year-on-year decrease of 15.0% in the previous week.
As of May 26, 2022, the 2021/22 (starting on September 1) soybean export shipments from the United States to China (mainland) were 28.36 million tons, compared with 35.01 million tons in the same period last year.
The United States shipped about 70,000 tons of soybeans to China that week, and 170,000 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 1.9 million tons, up from 700,000 tons in the same period last year.
So far in 2021/22, total U.S. soybean sales to China (shipped and unloaded) are 30.26 million tons, down 15.2% year-on-year, compared with a 15.0% year-on-year decrease last week and a 14.7% year-on-year decrease two weeks ago. %.
U.S. soybean sales to China in 2022/23 were 7.306 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.