USDA: U.S. shipped 388,000 tons of soybeans to China last week

Washington, March 14 News: The U.S. Department of Agriculture’s weekly export inspection report showed that the number of soybeans shipped by the United States to China (mainland) last week increased by 59.1% from a week earlier.

For the week ending March 10, 2022, the U.S. shipped 388,125 tons of soybeans to China (mainland). The U.S. shipped 244,010 tons of soybeans to China (mainland) the previous week.

That week, the US soybean export inspection volume to China accounted for 50.2% of the total export inspection volume for the week, compared with 31.8% last week and 60.9% two weeks ago.

The USDA’s March 2022 supply and demand report estimated that China’s soybean imports in 2021/22 are expected to be 94 million tons, down from 97 million tons forecast in February and 5.77% lower than the 99.76 million tons in 2021/22.