China slashes US soybean imports in January–February

In the first two months of 2026, China’s soybean imports from the U.S. dropped sharply, falling nearly 84% compared to the same period last year. In January–February, the country imported only 1.49 million metric tons of U.S. soybeans versus 9.13 million tons a year earlier. The decline followed delays caused by the late-October 2025 trade truce.

Meanwhile, soybean imports from Brazil rose 82.7% over the same period, reaching 6.56 million metric tons. Private buyers, avoiding U.S. soybeans due to high tariffs, increased purchases of Brazilian supplies. However, analysts warn that tighter phytosanitary checks in Brazil and prolonged customs clearance in China could slow future shipments.

Soybean imports from Argentina also surged, reaching 3.27 million metric tons compared to 111,603 tons a year earlier. This spike was partly driven by the temporary suspension of export taxes in September 2025, which prompted large-scale purchases by China.

Analysts note that the upcoming meeting between the U.S. and Chinese presidents could shape China’s future demand for American soybeans. Meanwhile, Chinese buyers continue to receive U.S. soybean shipments ordered after the October trade truce.

Brazilian Agriculture Minister Carlos Favaro stated that the government is negotiating inspection and safety requirements for Brazilian soybean shipments to China to ensure stable imports and avoid border delays.

Tags: China, soybean, USA