USDA: U.S. shipped about 1.35 million tons of soybeans to China last week
Washington, October 17: 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) surged last week, an increase of 95.6% from the previous week.
For the week ending October 6, 2022, the U.S. shipped 1,349,791 tons of soybeans to China (mainland), compared with 690,073 tons the previous week.
That week, the US soybean export inspection volume to China accounted for 71.7% of the total export inspection volume for the week, compared with 71.2% last week and 9.5% two weeks ago.
In its October 2022 supply and demand report, the U.S. Department of Agriculture estimated that China’s soybean imports in 22022/23 will be 98 million tons, up 1 million tons from September and 8.89% higher than the 90 million tons in 2021/22.