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At the same time, attention should be paid to the impact of Trump's inauguration, especially on the future of tariffs between China and the US.

The USDA (United States Department of Agriculture) reported new soybean sales on Monday (13). There were 198 thousand tons to China and the volume is all from the 2024/25 harvest. Sales made on the same day, to the same destination and with a volume ...

By Ella Cao and Mei Mei Chu BEIJING (Reuters) - China imported a record amount of soybeans in 2024 as buyers worried about rising U.S.-China trade tensions rushed to secure U.S. supplies ahead of President-elect Donald Trump’s inauguration. China, the world’s biggest buyer of the oilseeds, imported 105.03 million tonnes of soybeans in 2024, up 6.5% from a year earlier, customs data showed on Monday. The record annual import volumes were driven by falling Chicago Board of Trade soybean prices in 2024, strong crush margins and buyers’ moves on fears of a trade war, said Rosa Wang, an analyst at Shanghai-based agribusiness consultancy JCI. Arrivals in December fell 0.2% to 7.94 million tonnes from the same month a year earlier, according to Reuters calculations based on customs data. That was lower than analysts’ estimates of about 8.2 million tonnes and marked the lowest in four years. “This may be due to the speed of customs clearance,” Wang said. In the final months of 2024, ...