News from Washington, December 19: The weekly export inspection report released by the US Department of Agriculture showed that soybean shipments from the US to China (mainland) last week decreased by 4.8% compared with a week ago.
As of the week of December 15, 2022, the United States shipped 1,109,604 tons of soybeans to China (mainland), and 1,166,006 tons of soybeans were shipped the previous week.
This week, the number of U.S. soybean export inspections to China accounted for 68.5% of the total export inspections for that week, compared with 63.4% last week and 71.3% two weeks ago.
In the December 2022 supply and demand report, the U.S. Department of Agriculture expects China’s soybean imports in 2022/23 to be 98 million tons, unchanged from the November forecast, and higher than the 91.57 million tons in 2021/22 (previously estimated at 90 million tons). 7.0%.