Chinese demand boosts soybean trade

The soybean market experienced strong activity with increased sales from Argentina, as the Rosario Exchange recorded trading volumes reaching 1.03 million tons of soybeans for the 2025/2026 season during the week ending September 2. This is the highest level since late July, supported by robust Chinese demand for American supplies and a decline in U.S. crop yields. The price increase is primarily driven by rising demand from China, which purchased about one million tons of American soybeans in a single week, bringing its total purchases to nearly half of Beijing's pledge to buy 25 million tons annually through 2028. Meanwhile, Brazil faces restrictions on increasing its sales to China in the last quarter of 2026, with its market share dropping to the lowest level since 2022, amid declining shipments to China and increased competition from local milling factories. This comes amidst global market fluctuations, with the soybean export season in South America approaching and uncertainties over the trade relations between Beijing and Washington.

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