WASHINGTON, July 5 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 decreased by 90.6% from a week earlier.
For the week ending June 30, 2022, the U.S. shipped 7,566 tons of soybeans to China (mainland), compared with 80,556 tons the week before.
The U.S. soybean export inspection volume to China accounted for 2.1% of the total export inspection volume for the week, compared with 17.2% last week and 16.9% 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.