China may buy up to 10 million metric tons of soybeans from Argentina and Uruguay during the 2025/26 marketing year, which would be a record, according to sources. The purchases are framed as a response to the ongoing US trade dispute.
A Singapore-based trader cited in the report sells soybeans to China.
Large Chinese buying from South America diverts demand away from US soybeans, supporting Brazilian and Argentine export flows and pressuring US soybean prices.
After 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.
After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% 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.