# China's soybean glut could defeat US export hopes after trade thaw | Reuters

> Soybean stocks at Chinese ports hit a record 10.3 million tons on Nov. 7, up 3.6 million tons from a year earlier, while crushers held 7.5 million tons, the most since 2017. Physical soymeal prices in key coastal regions have fallen more than 20% from an April peak to around 3,000 yuan per ton.

- Date: 2025-11-12 · published 2025-11-12T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/21942-china-s-soybean-glut-could-defeat-us-export-hopes-after-trade-thaw-reuters
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A large port overhang and weak soymeal prices reduce Chinese import urgency, pressuring US soybean export prospects and soymeal values.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-07-29 | [China's soymeal glut raises demand doubts ahead of US soybean export season \| Reuters](https://feedsoft.ai/events/14645-china-s-soymeal-glut-raises-demand-doubts-ahead-of-us-soybean-export-season.md) | -2.0% | +3.7% |
| SOY | 2020-06-23 | [Column: Does China still need U.S. soybeans after Brazil's export bonanza? - Braun \| Reuters](https://feedsoft.ai/events/52673-column-does-china-still-need-u-s-soybeans-after-brazil-s-export-bonanza-braun.md) | -1.1% | +2.3% |
| SOY | 2025-08-07 | [China soybean imports hit record July high on strong Brazil exports, US trade uncertainties \| Reuters](https://feedsoft.ai/events/12452-china-soybean-imports-hit-record-july-high-on-strong-brazil-exports-us-trade.md) | +6.4% | +5.3% |
| SOY | 2019-06-28 | [US-China trade tensions hurt Argentine soybean exports - Chinadaily.com.cn](https://feedsoft.ai/events/58439-us-china-trade-tensions-hurt-argentine-soybean-exports-chinadaily-com-cn.md) | -1.7% | -0.5% |
| SOY | 2018-04-06 | [Short-Term Palm Boost After China Tariff on US Soybeans: Traders](https://feedsoft.ai/events/65607-short-term-palm-boost-after-china-tariff-on-us-soybeans-traders.md) | +2.9% | +1.2% |
| SBM | 2025-07-29 | [China's soymeal glut raises demand doubts ahead of US soybean export season \| Reuters](https://feedsoft.ai/events/14645-china-s-soymeal-glut-raises-demand-doubts-ahead-of-us-soybean-export-season.md) | +2.7% | +10.4% |
| SBM | 2019-06-28 | [US-China trade tensions hurt Argentine soybean exports - Chinadaily.com.cn](https://feedsoft.ai/events/58439-us-china-trade-tensions-hurt-argentine-soybean-exports-chinadaily-com-cn.md) | -2.7% | -2.9% |
| SBM | 2026-09-30 | [China's weak soybean demand dims prospects for US cargoes after tariff snub \| Reuters](https://feedsoft.ai/events/14544-china-s-weak-soybean-demand-dims-prospects-for-us-cargoes-after-tariff-snub.md) | -1.3% | -3.9% |

## Sources

- reuters.com: https://www.reuters.com/world/china/chinas-soybean-glut-could-defeat-us-export-hopes-after-trade-thaw-2025-11-12/

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