
Brazil set to dominate China soybean imports in early 2026 as prices undercut U.S.

Brazil is poised to enhance its dominance in China's soybean imports in early 2026, driven by a record harvest and competitive pricing. With Brazilian soybeans significantly cheaper than U.S. options, private Chinese crushers are increasingly securing Brazilian shipments. U.S. soybean purchases have been limited to state-owned entities due to higher prices and tariffs, while Brazil's market share is expected to grow through mid-year. Analysts predict that China's imports from Brazil will peak from March to June, bolstered by strong demand for soymeal and favorable crush margins, as U.S. suppliers remain dependent on political factors for sales.
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