News & Updates

American Soybeans: The U.S. shipped 1.71 million tons of soybeans to China last week

by | Oct 22, 2021 | Beans, Pulses

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BEIJING: Washington, October 18: The weekly export inspection report issued by the U.S. Department of Agriculture showed that the number of soybeans shipped by the United States to China (mainland China) last week increased significantly compared with the previous week.

In the week ending October 14, 2021, the United States shipped 1,711,848 tons of soybeans to China (Mainland China). The United States sent 1,116,137 tons of soybeans to China (Mainland China) the previous week.

U.S. soybean export inspections to China accounted for 74.5% of the total export inspections that week, compared with 69.3% last week and 42.0% two weeks ago.

The U.S. Department of Agriculture’s October 2021 supply and demand report predicts that China’s soybean imports in 2021/22 are expected to be 101 million tons, which is the same as the September forecast, an increase of 2.02% year-on-year.

Current Market Price in China for 2020 CROP soybean

Product  Organic Soybean
Type  NON-GMO
Colour  Yellow
Purity  99.5 % Min
NON GMO
Package  25kg  Paper Bag
Loading  22Tons / 20GP
FOB Dalian USD 1100/Mt

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