US-China deal opens door for soybeans
After months of negotiations and no 2025-26 marketing year purchases of soybeans until earlier this week, the United States and China on Oct. 30 agreed to a new trade framework that will forestall massive tariff increases set to begin in November. The United States will lower its cumulative tariff rate on Chinese goods to 47%...
Focus on China
In the midst of a trade war with the United States, China is developing a dedicated soybean supply chain with Brazil that is specifically tailored to China’s sustainability and quality standards. The “Soy China” initiative is a customized, exclusive soybean production model to meet Chinese import needs and standards, particularly regarding environmental, social and traceability...
China soybean imports continue surge
China, the world’s largest soybean consumer, set a second straight monthly import record in July, Reuters reported, citing customs data calculations. China brought in 11.67 million tonnes of soybeans in July, data from the General Administration of Customs showed, up 18.5% from 9.85 million tonnes a year earlier, and above analysts’ expectations of 10.48 million tonnes. Wan...
China ups 2025 grain production goal
Reuters reported, citing a government report, that China has set higher grains and oilseeds production targets and increased its 2025 budget for storing agricultural commodities. This is to secure its long-term food security as it also grapples with a burgeoning trade war with the United States. On March 5, China announced it would set a production target...