China is ramping up its orders from Brazil to fill its soybean needs after it met the initial shipment volume from the U.S. as part of a trade truce with Washington.
Over the past week, Bloomberg said Chinese importers have booked at least 25 cargoes of beans for loading mainly in March and April.
“At the same time, state-owned companies in China have appeared to refrain from taking American cargoes,” Bloomberg said. “U.S. soybeans delivered to China on a cost-and-freight basis are at a steep premium over comparable beans from Brazil for February, so crushing them will likely incur heavy losses for processors.”
Over the long term, the U.S. said China has committed to buying at least 25 million tons of U.S. soybeans annually through 2028, which means the nation may actually come back for more American cargoes later in 2026.