USDA: U.S. shipped 360,000 tons of soybeans to China last week

WASHINGTON, Aug. 22: The U.S. Department of Agriculture’s weekly export inspection report showed that U.S. soybean shipments to China (mainland) increased last week.

For the week ended Aug. 18, 2022, the U.S. shipped 359,000 tons of soybeans to China (mainland), up from 280,936 tons the week before.

U.S. soybean export inspections to China accounted for 52.3% of the week’s total export inspections, compared with 37.7% last week and 28.8% two weeks ago.

In its August 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 the same as the July forecast and 9.8% lower than the 99.76 million tons in 2021/22. Soybean imports in 2022/23 are at 98 million tonnes, unchanged from the July forecast.