USDA: U.S. shipped 770,000 tons of soybeans to China last week

WASHINGTON, Feb. 7: 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 5.1% from a week earlier.

For the week ending February 3, 2022, the U.S. shipped 765,329 tons of soybeans to China (mainland). The U.S. shipped 728,352 tons of soybeans to China (mainland) the previous week.

U.S. soybean export inspections to China accounted for 62.8% of the week’s total export inspections, compared with 51.6% last week and 49.4% two weeks ago.

In its 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, the same as the December forecast and a year-on-year increase of 0.24%.