USDA: U.S. shipped 640,000 tons of soybeans to China last week

WASHINGTON, Jan. 24: The U.S. Department of Agriculture’s weekly export inspection report showed that the amount of soybeans shipped by the United States to China last week was only about half of the previous week.

For the week ended January 20, 2022, the U.S. shipped 640,876 tons of soybeans to China (mainland). The U.S. shipped 1,263,724 tons of soybeans to China (mainland) the previous week.

U.S. soybean export inspections to China accounted for 49.4% of total export inspections for the week, compared with 73.5% last week and 63.8% two weeks ago.

In the January 2022 supply and demand report, the U.S. Department of Agriculture estimated that China’s soybean imports in 2021/22 are expected to be 100 million tons, which is unchanged from the December forecast and an increase of 0.24% year-on-year.