China’s Final Total Imports Likely 2-4 MMT Larger Than USDA’s 97.0 MMT.

Summary: China’s preliminary estimate for August soybean imports was 9.49 MMT. “Cumulative” imports are a record 92.9 MMT (Oct’20-Aug’21).   USDA is projecting total imports to be just 97 MMT (Oct’20-Sep’21).  Cumulative shipments of soybeans to China are estimated to be 101.7 MMT.  It’s possible that COVID restrictions could slow the pace of vessel unloading’s but that…