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China's soybean imports hit a record 105 million tonnes in 2024, according to customs data released in January. Most of that supply came from Brazil rather than the US.
Analysts are debating whether China will rely more on South America or agree to a new trade deal with the US.
A record import total reflects strong Chinese demand, but its concentration in Brazil keeps US export prospects uncertain. The outcome of trade talks will determine whether US soybean prices gain or lose from Chinese buying.
scmp.comAlice LiJan 13, 2025After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% 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.
