Chineses increased purchases of Brazilian soybeans by 29.9%

For the first time since 2018, China did not import a single grain of soybeans from the United States in September. According to the Chinese customs, the Asian country imported 10.96 million tons from Brazil in the month, a 29.9% increase compared to 2024, and 1.17 million from Argentina, a 91.5% increase. The blockade on American soybeans occurs amid the ongoing trade war between the two countries. This situation not only affects American producers but also modifies the dynamics of the global market, increasing China's dependence on South American soybeans. If there is no solution to the impasse by February, China could face a gap in soybean supply before the arrival of the new Brazilian crop. This risk of supply disruption could pressure international prices and alter the Chinese government's purchasing strategy. From January to September, China bought 63.7 million tons from Brazil (+2.4%) and 2.9 million from Argentina (+31.8%). Purchases from the U.S., despite the recent ...