USDA: U.S. shipped about 1.27 million tons of soybeans to mainland China last week

WASHINGTON, Nov. 14 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) fell for the third consecutive week last week, down 30.8% from the previous week.

For the week ended November 10, 2022, the U.S. shipped 1,274,571 tons of soybeans to China (mainland), compared with 1,840,547 tons the week before.

That week, the US soybean export inspection volume to China accounted for 68.6% of the total export inspection volume for the week, compared with 71.0% last week and 80.7% two weeks ago.

In its November 2022 supply and demand report, the U.S. Department of Agriculture estimated that China’s soybean imports in 2022/23 would be 98 million tons, unchanged from the October forecast and up from 91.57 million tons in 2021/22 (previously estimated at 90 million tons). 7.0%.