Story perspectives

Record U.S. Soybean Exports Amid China’s Plummeting Purchases

2/24/2026

Summary

Story summary

The U.S. Department of Agriculture (USDA) reported record U.S. soybean exports for 2025/2026, as shipments to China fell to nearly zero.
USDA cited lower U.S. prices and Argentina’s export-tax elimination as drivers.
In 2024/2025, U.S. soybean exports rose about 13 percent with 4.26 billion bushels produced.
China remains the largest market, and imports from India and Turkey are rising, while the U.S. Soybean Export Council (USSEC) expects continued growth.

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Story summary

The U.S. Department of Agriculture (USDA) reported record U.S. soybean exports for 2025/2026, as shipments to China fell to nearly zero.
USDA cited lower U.S. prices and Argentina’s export-tax elimination as drivers.
In 2024/2025, U.S. soybean exports rose about 13 percent with 4.26 billion bushels produced.
China remains the largest market, and imports from India and Turkey are rising, while the U.S. Soybean Export Council (USSEC) expects continued growth.