US soybean exports in 2025/26 lag nearly 50% behind Last season

reached 12.9 million tonnes, almost half of the 23.6 million tonnes recorded at the same point last season. This indicates a notable weakening in global demand for U.S. soybeans, despite the resumption of shipments to China. Mexico and China remain the primary buyers, but their purchases are insufficient to offset the broader decline. Analysts attribute the downturn to stronger competition from Brazil and Argentina, which are offering soybeans at more competitive prices, as well as to large carryover stocks that importers accumulated after recent record harvests. In contrast to soybeans, U.S. corn exports are accelerating rapidly: weekly inspections reached 1.45 million tonnes, and cumulative shipments are already 69% higher than last year. ...