# Chinese buyers switch to cheaper Brazilian soybeans ahead of Trump return | Reuters

> 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.

- Date: 2025-01-17 · published 2025-01-17T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/14688-chinese-buyers-switch-to-cheaper-brazilian-soybeans-ahead-of-trump-return
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

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.

## Read by commodity

- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-02-01 | [China Turns to Cheaper Brazil Soybeans After Meeting US Pledge](https://feedsoft.ai/events/21081-china-turns-to-cheaper-brazil-soybeans-after-meeting-us-pledge.md) | +4.8% | +8.1% |
| SOY | 2019-12-09 | [Chinese importers scoop up Brazilian soybeans - Manitoba Co-operator](https://feedsoft.ai/events/55633-chinese-importers-scoop-up-brazilian-soybeans-manitoba-co-operator.md) | +2.0% | +5.1% |
| SOY | 2026-10-28 | [China wants US soybeans. Its buyers prefer Brazil \| ThinkChina](https://feedsoft.ai/events/14541-china-wants-us-soybeans-its-buyers-prefer-brazil-thinkchina.md) | -1.6% | — |
| SOY | 2025-03-04 | [China targets US soybeans, lumber in stepped-up response to Trump tariffs \| Reuters](https://feedsoft.ai/events/14676-china-targets-us-soybeans-lumber-in-stepped-up-response-to-trump-tariffs-reuters.md) | +0.2% | +1.7% |
| SOY | 2026-01-26 | [China to favour Brazilian soybean imports in H1 despite renewed US inflows \| Reuters](https://feedsoft.ai/events/14606-china-to-favour-brazilian-soybean-imports-in-h1-despite-renewed-us-inflows.md) | -0.3% | +6.2% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/chinese-buyers-switch-cheaper-brazilian-soybeans-ahead-trump-return-2025-01-17/

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