USDA: U.S. shipped 70,000 tons of soybeans to China last week

Washington, June 21 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 was basically the same as a week ago.

For the week ending June 16, 2022, the U.S. shipped 72,432 tons of soybeans to China (mainland). 70,535 tons of soybeans were shipped the previous week.

U.S. soybean export inspections to China accounted for 16.9% of the week’s total export inspections, compared with 11.6% last week and 3.8% two weeks ago.

In the June 2022 supply and demand report, the U.S. Department of Agriculture estimated that China’s soybean imports in 2021/22 are expected to be 92 million tons, which is the same as the forecast in May and 7.78% lower than the 99.76 million tons in 2021/22. Soybean imports in 2022/23 are forecast at 99 million tonnes, also unchanged from the May forecast.