News from Washington, November 26: The weekly export sales report of the US Department of Agriculture shows that the total soybean export sales of the United States to China (Mainland) decreased by 32.4% year-on-year, and the previous week was a year-on-year decrease of 34.1%.
As of November 18, 2021, the soybean export shipments from the United States to China (Mainland China) for the 2021/22 fiscal year (starting on September 1) were 12.711 million tons, compared with 17.722 million tons in the same period last year.
The US shipped 1.411 million tons of soybeans to China that week, and 1.587 million tons of soybeans were shipped to China the previous week
So far, the number of soybeans sold by the United States to China but not shipped is 7.021 million tons, which is lower than 11.47 million tons in the same period last year.
So far in the year of 2021/22, the total sales of soybeans from the United States to China (sold and unloaded) were 19.731 million tons, a year-on-year decrease of 32.4%. Last week, it was a year-on-year decrease of 34.1% and two weeks ago, a year-on-year decrease of 34.0. %.
In the November 2021 supply and demand report, the US Department of Agriculture predicts that China’s soybean imports in 2021/22 are expected to be 100 million tons, which is lower than the October forecast of 101 million tons and an increase of 0.24% from the previous year’s 99.76 million tons.