Washington, November 28th: The US Department of Agriculture’s weekly export inspection report showed that soybean shipments from the US to China (mainland) last week decreased by 14.4% compared with a week ago.
As of the week of November 24, 2022, the United States shipped 1,496,590 tons of soybeans to China (mainland), and 1,748,218 tons of soybeans were shipped the previous week.
The amount of US soybean export inspections to China this week accounted for 74.0% of the total export inspections for the week, compared with 75.1% last week and 68.6% 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%.