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Chinese importers booked about 7.4 million tonnes of mainly South American soybeans for October shipment and 1 million tonnes for November. U.S. soybeans were about 80 to 90 cents a bushel cheaper than Brazilian beans, but China's 23% tariff added about $2 a bushel to their landed cost.
The tariff gap leaves U.S. soybeans uncompetitive in China despite their lower price, so Brazil captures the bulk of Chinese demand. This keeps pressure on U.S. soybean export sales and prices.
reuters.comElla Cao, Naveen Thukral, Karl PlumeSep 10, 2025After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
