Key takeaways for China from Wasde (March 2022)
USDA cuts China 21/22 soybean import figure on weaker crush
The USDA has further lowered its estimate of Chinese soybean imports in 2021/22 marketing year to the lowest level since 2019 as demand for crushing activities in the world’s largest soybean importing country is expected to slow.
The projection for soybean imports into China this marketing year fell 3 million tons from the previous figure to 94 million tons, on track to be the lowest since...