Washington, June 30 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 14.7% year-on-year. As of June 23, 2022, the 2021/22 (starting September 1) soybean export shipments from the United States to China (mainland) were 28.62 million tons, compared with 35.04 million tons in the same period last year. The amount of 2021/22 soybeans sold by the United States to China but not shipped so far is 1.93 million tonnes, up from 770,000 tonnes a year earlier. So far in 2021/22, total U.S. soybean sales to China (shipped and unloaded) are 30.55 million tons, down 14.7% year-on-year, compared with last week’s 14.7% year-on-year decrease and a 14.5% year-on-year decrease two weeks ago. %. 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.
Current Market Price in China for Chinese Soybean
| Product Name | Chinese organic soybean |
| Type | Non-Gmo |
| Grade | A |
| Moisture | 12% max |
| Package | 25kg paper bag |
| Purity | 99.5% |
| Loading | 22mt /20GP |
| Fob Dalian | Usd 1120-1150/mt |
| Delivery | 25 days after the contract |