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

Washington, June 13 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 4.2 times higher than a week earlier.

For the week ending June 9, 2022, the U.S. shipped 70,535 tons of soybeans to China (mainland). 13,466 tons of soybeans were shipped the previous week.

The U.S. soybean export inspection volume to China accounted for 11.6% of the total export inspection volume for the week, compared with 3.8% last week and 16.8% 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 for 2022/23 are forecast at 99 million tonnes, also unchanged from the May forecast.