USDA: U.S. shipped about 1.84 million tons of soybeans to mainland China last week
WASHINGTON, Nov. 7 News: The U.S. Department of Agriculture’s weekly export inspection report showed that U.S. soybean shipments to China (mainland) fell for the second week in a row last week, down 11.4 percent from the previous week.
For the week ending November 3, 2022, the U.S. shipped 1,840,547 tons of soybeans to China (mainland), compared with 2,076,606 tons the week before.
That week, the US soybean export inspection volume to China accounted for 71.0% of the total export inspection volume for the week, compared with 80.7% last week and 75.3% 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.