According to reports, Chinese importers purchased 2.4 million tons of soybeans from Brazil in the first half of last week at least 40 freighters. People familiar with the matter said that most of this batch of soybeans will be shipped from May to July, and the purchase volume is one-third of the average monthly import volume from China. According to the US media, China's current procurement volume is large and fast. China has continued to diversify agricultural imports in recent years, and Brazil has replaced the US as China's largest supplier of soybeans. The data shows that from 2016 to 2024, America's share of the Chinese soybean import market was drastically reduced from 40% to 18%; at the same time, China is still the largest export destination for US soybeans.

According to reports, Chinese importers purchased 2.4 million tons of soybeans from Brazil in the first half of last week at least 40 freighters. People familiar with the matter said that most of this batch of soybeans will be shipped from May to July, and the purchase volume is one-third of the average monthly import volume from China. According to the US media, China's current procurement volume is large and fast. China has continued to diversify agricultural imports in recent years, and Brazil has replaced the US as China's largest supplier of soybeans. The data shows that from 2016 to 2024, America's share of the Chinese soybean import market was drastically reduced from 40% to 18%; at the same time, China is still the largest export destination for US soybeans.