# Soybean CFR China prices to soften on ample supply, flat China demand

> The CFR China flat soybean price closed 2024 down 24% year on year at $439.91/mt as of Dec. 12, and market watchers expect it to slip to $400-450/mt in Q1 2025. Brazil's soybean output is projected at a record 169 million mt for 2024-25, up 10.5%, and Brazil has overtaken the US as China's largest supplier.

- Date: 2024-12-20 · published 2024-12-20T12:00:00.000Z
- Category: market · region China · magnitude medium
- Page: https://feedsoft.ai/events/26939-soybean-cfr-china-prices-to-soften-on-ample-supply-flat-china-demand
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Record Brazilian supply and flat Chinese demand point to lower soybean import prices, which feeds through to cheaper soybean meal for feed buyers. Chinese buyers are still front-loading US purchases ahead of possible tariffs, which limits the downside.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/soybean-cfr-china-prices-to-soften-on-ample-supply-flat-china-demand/

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