China’s grain and oilseed imports face limits amid weak domestic demand

supply-driven rather than demand-led, affecting global price signals and market behavior. StoneX senior analyst Ivy Li highlights that China’s import strategy is shaped more by trade execution than by actual consumption growth. China has already purchased about 12 million metric tons of U.S. soybeans and is expected to buy 25 million tons or more in 2026 under the trade framework, significantly narrowing export opportunities for other suppliers such as Brazil. Weak feed demand and livestock destocking continue to limit soybean and grain import potential. Even after a late-2025 rebound due to heavy rains during the corn harvest, fundamental demand remained low, suggesting that imports of corn, sorghum, and barley are unlikely to rise substantially in the near term. StoneX notes that these constraints put pressure on global markets, forcing producing countries to redirect excess supplies to other regions, ...