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Brazil and the People’s Republic of China (PRC) are in the initial stages of potentially developing a dedicated soybean supply chain tailored to meet Chinese sustainability and quality standards.
Major bulk commodities, as a share of total U.S. agricultural exports, have risen and fallen dramatically since 2020. Beyond short-term price volatilities that have largely driven these developments, changes to the largest overseas market and an increasingly competitive landscape also affect the prospect for major U.S. bulk exports.
The 2024 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2024 calendar year.
On April 8, 2025, the People’s Republic of China (PRC) National Crop Variety Registration Committee (CNCVRC) published a third variety registration list for genetically modified (GM) corn and soybeans.
Post forecasts MY 25/26 China soybean production at 19.8 million metric tons (MMT) and imports at 106 MMT. The production forecast is down slightly from MY 24/25 and the import forecast is up 2 percent year over year.
On March 4, 2025, the General Administration of Customs of China (GACC) announced it was suspending soybean imports from three U.S. based entities. GACC stated that these suspensions were in response to recent, alleged detections of ergot and seed coating agents in U.S. soybean shipments.