Story perspectives
China's Soybean Dependence: Brazil Beats U.S. on Price
12/18/2025
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Story summary
- China remains the leading global soybean consumer, relying on imports for about 90% of demand while seeking self-sufficiency.
- Brazil and the United States are China's main suppliers.
- Brazilian soybeans are cheaper and trade at a discount to United States soybeans.
- As of December 5, United States soybeans were priced at $498 per tonne, $17 above Brazilian.
- Chinese soybeans command a premium due to lower yields and higher production costs.
