WASHINGTON, July 18 News: The U.S. Department of Agriculture’s weekly export inspection report showed that U.S. soybean shipments to China (mainland) increased for the second week in a row last week.
For the week ending July 14, 2022, the U.S. shipped 136,679 soybeans to China (mainland), compared with 74,818 tons the previous week.
The US soybean export inspection volume to China accounted for 37.7% of the total export inspection volume for the week, compared with 21.0% last week and 2.1% two weeks ago.
In the July 2022 supply and demand report, the U.S. Department of Agriculture estimated that China’s soybean imports in 2021/22 are expected to be 90 million tons, which is 2 million tons lower than the June forecast and 9.8% lower than the 99.76 million tons in 2021/22. Soybean imports in 2022/23 are at 98 million tonnes, down from the June forecast of 99 million tonnes.
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