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China's Soybean Demand Plummets Amid Trade Uncertainty

11/12/2025

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Summary

Story summary

China's demand for United States soybeans has declined after a recent trade truce, with traders reporting no new orders following initial purchases.
Markets doubt China will buy 12 million tons by year-end due to a 13% tariff, high processing costs, and a glut of soybeans.
State-owned firms have made limited purchases for reserves, while private buyers seek cheaper Brazilian beans, and analysts say price adjustments or Beijing support are needed.

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Story summary

China's demand for United States soybeans has declined after a recent trade truce, with traders reporting no new orders following initial purchases.
Markets doubt China will buy 12 million tons by year-end due to a 13% tariff, high processing costs, and a glut of soybeans.
State-owned firms have made limited purchases for reserves, while private buyers seek cheaper Brazilian beans, and analysts say price adjustments or Beijing support are needed.