Soybean: Total Sales to China Decreased Year-On-Year

Washington, June 16 News: The U.S. Department of Agriculture’s weekly export sales report showed that total U.S. soybean export sales to China (mainland) decreased by 14.5% year-on-year, compared with a year-on-year decrease of 14.9% in the previous week. As of June 9, 2022, the 2021/22 (starting September 1) soybean export shipments from the United States to China (mainland) were 28.45 million tons, compared with 35.02 million tons in the same period last year. The U.S. shipped about 75,000 tons of soybeans to China that week, compared with 15,000 tons the week before. The amount of 2021/22 soybeans sold by the U.S. to China but not shipped so far is 2.07 million tonnes, up from 690,000 tonnes a year earlier. So far in 2021/22, total U.S. soybean sales to China (shipped and unloaded) are 30.53 million tons, down 14.5% year-on-year, compared with a 14.8% year-on-year decrease last week and a 15.2% year-on-year decrease two weeks ago. %. U.S. soybean sales to China in 2022/23 were 7.7 million tons, up 132,000 tons from a week earlier. 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 7.8% lower than the 99.76 million tons in 2021/22. Soybean imports in 2022/23 are at 99 million tonnes, unchanged from the previous forecast.

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