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Chinese buyers are shifting purchases to cheaper Brazilian soybeans ahead of Donald Trump's return to office. Brazil supplied 54% of China's first-quarter soybean imports last year, while the US supplied 38%.
China takes more than 60% of globally shipped soybeans.
Diverting Chinese demand to Brazil reduces US export sales and weighs on US soybean prices. Tariff risk from a renewed trade dispute could push Chinese buyers to rely even more on South America.
reuters.comNaveen Thukral, Ella Cao, Mei Mei ChuJan 17, 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.
