Story perspectives

China's Soybean Imports Surge, U.S. Excluded Again

11/21/2025

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Summary

Story summary

In October 2025, China imported no soybeans from the U.S. for the second month, despite total soybean imports reaching a record 9.48 million metric tons.
High tariffs on U.S. soybeans and depleted supplies led to increased imports from Brazil and Argentina, with Brazilian shipments rising 28.8% to 7.12 million tons.
Year-to-date, U.S. soybean imports are at 16.82 million tons, an 11.5% increase.
Following late October talks between U.S. and Chinese leaders, China's state-run grain buyer COFCO purchased over 1 million tons of U.S. soybeans, with expectations for more large purchases.

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Story summary

In October 2025, China imported no soybeans from the U.S. for the second month, despite total soybean imports reaching a record 9.48 million metric tons.
High tariffs on U.S. soybeans and depleted supplies led to increased imports from Brazil and Argentina, with Brazilian shipments rising 28.8% to 7.12 million tons.
Year-to-date, U.S. soybean imports are at 16.82 million tons, an 11.5% increase.
Following late October talks between U.S. and Chinese leaders, China's state-run grain buyer COFCO purchased over 1 million tons of U.S. soybeans, with expectations for more large purchases.