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China had not booked any U.S. soybean cargoes at the start of the export season, the first time since at least the 1990s, according to USDA data. Beijing is using agricultural purchases as leverage in a broader trade dispute with Washington, while holding healthy stockpiles.
China is the world's largest soybean buyer, so withholding U.S. purchases removes a major source of export demand and pressures U.S. soybean prices. Its ability to wait on stockpiles prolongs the uncertainty.
straitstimes.com2025年9月19日在过去 803 次看跌的贸易事件之后，大豆 在 5 个交易日内中位数变动 +0.0%（51% 上涨；中间一半区间为 -1.7% 至 +1.7%），20 个交易日内为 +0.9%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
