News from Washington, December 5: The weekly export inspection report released by the US Department of Agriculture showed that the soybean shipments from the US to China (mainland) last week decreased by 18.0% compared with a week ago.
As of the week of December 1, 2022, the United States shipped 1,227,045 tons of soybeans to China (mainland), and 1,496,590 tons of soybeans were shipped the previous week.
The amount of US soybean export inspections to China this week accounted for 71.3% of the total export inspections for the week, compared with 74.0% last week and 75.1% two weeks ago.
In the November 2022 supply and demand report, the U.S. Department of Agriculture predicts that China’s soybean imports in 2022/23 will be 98 million tons, which is the same as the October forecast and higher than the 91.57 million tons in 2021/22 (previously estimated at 90 million tons). 7.0%.