China resumes soybean purchases from the USA

China has resumed purchasing soybeans from the United States after a long period of absence. Chinese imports reached 8.1 million tons in November, the highest volume since 2021, according to data from the International Center for Economic Analysis and Agricultural Market Studies (CEEMA). This volume represents a 13.4% increase compared to November 2024. Year-to-date, Chinese purchases total 103.79 million tons, a 6.9% increase from the same period last year. The commercial rapprochement between China and the United States has contributed to this movement, expanding U.S. soybean shipments to the Asian country. This is a relevant resumption for the global trade of the oilseed and reinforces the importance of trade relations between the world's two largest economies. The USDA report pointed to U.S. production at 115.8 million tons and final stocks at 7.9 million. Global stocks were raised to 122.4 million tons. World production was also adjusted to 422.5 million tons. Despite the ...