China Stops Importing 22 Million Tons of U.S. Soybeans | Brazil Becomes the Biggest Winner!

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#China #ChinaNews #Agriculture #Soybeans #USA #Brazil #Trade #Tariffs #Corn #USSoybeans

This past August, soybean fields across the American Midwest entered harvest season. Normally, this should have been the time farmers look forward to the most. But this year, the atmosphere felt unusually cold and quiet. The reason is simple—by this time in previous years, China had already signed contracts for the next year’s soybean purchases. But by mid-August this year, China hadn’t bought a single shipment of U.S. soybeans.

What’s worse, according to a report from the American Soybean Association, nearly 7 million tons of soybeans are currently sitting in storage, piling up with nowhere to go. On the spot market, prices have already dropped to rock bottom. If these soybeans can’t be sold soon, the end result may be that they rot in warehouses—or even end up as food for rats.

It’s important to remember, China used to be the biggest buyer of U.S. soybeans. In 2024 alone, China purchased 22 million tons, accounting for one-third of total U.S. soybean exports. Now, many farmers in the Midwest are helplessly saying that this year’s harvest has basically turned into a “losing deal.”

So, how did things go from over 20 million tons of soybean orders to zero? And who has stepped in to replace the U.S. as China’s soybean supplier?


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