# USDA report addresses China’s what ifs – AgriNews

> The USDA February 10 supply and demand report included a scenario note on what could happen if China bought more US soybeans, which would shift global exports toward US shipments. USDA raised Brazil's soybean crop by 2 million tons to 180 million and raised crush in Brazil and Paraguay on higher meal demand. The US 2025-26 season-average soybean price was unchanged at $10.20 per bushel.

- Date: 2026-02-23 · published 2026-02-23T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/14604-usda-report-addresses-china-s-what-ifs-agrinews
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A larger Brazilian crop adds bearish supply pressure to soybeans, while higher crush and meal demand supports soybean meal prices.

## Read by commodity

- SBM: bullish ▲
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-01-18 | [USDA estimates ‘I’ state records – AgriNews](https://feedsoft.ai/events/13395-usda-estimates-i-state-records-agrinews.md) | +3.4% | +15.7% |
| SOY | 2020-06-11 | [No major surprises in USDA's WASDE report - Brownfield Ag News](https://feedsoft.ai/events/52555-no-major-surprises-in-usda-s-wasde-report-brownfield-ag-news.md) | +0.7% | +3.8% |
| SOY | 2023-06-09 | [USDA's June WASDE report brings few notable changes - Grainews](https://feedsoft.ai/events/35449-usda-s-june-wasde-report-brings-few-notable-changes-grainews.md) | +4.8% | +10.6% |
| SOY | 2024-05-10 | [What You Need to Know About USDA's May WASDE Report - AgWeb](https://feedsoft.ai/events/13182-what-you-need-to-know-about-usda-s-may-wasde-report-agweb.md) | +2.0% | -1.1% |
| SOY | 2025-10-01 | [USDA Grain Stocks Report Surprises Corn and Wheat - RFD](https://feedsoft.ai/events/9845-usda-grain-stocks-report-surprises-corn-and-wheat-rfd.md) | +2.0% | +7.6% |
| SBM | 2020-04-13 | [USDA report: Larger U.S. corn, soy, wheat stocks](https://feedsoft.ai/events/53602-usda-report-larger-u-s-corn-soy-wheat-stocks.md) | -1.5% | -2.0% |
| SBM | 2023-01-06 | [Record U.S. FY 2022 Agricultural Exports to China \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/14870-record-u-s-fy-2022-agricultural-exports-to-china-usda-foreign-agricultural.md) | +4.0% | +0.3% |
| SBM | 2019-09-13 | [AgroPages-USDA, WASDE Reports Rallies The Soybean Market 29¢.-Agricultural news](https://feedsoft.ai/events/10851-agropages-usda-wasde-reports-rallies-the-soybean-market-29-agricultural-news.md) | -1.3% | +2.7% |

## Sources

- agrinews-pubs.com: https://www.agrinews-pubs.com/business/2026/02/23/usda-report-addresses-chinas-what-ifs/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.