WASHINGTON, Nov. 21: The U.S. Department of Agriculture’s weekly export inspection report showed that U.S. soybean shipments to China (mainland) rose 37 percent last week from a week earlier, ending a three-week losing streak.
For the week ended November 17, 2022, the U.S. shipped 1,748,218 tons of soybeans to China (mainland), compared with 1,274,571 tons the week before.
That week, the US soybean export inspection volume to China accounted for 75.1% of the total export inspection volume for the week, compared with 68.6% last week and 71.0% 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%.