Soybean products harvested at a farm in Iowa (USA). Photo: EPA/TTXVN
COFCO has bought about 180,000 tonnes of soybeans for delivery between December 2025 and January 2026, according to sources. This is the first Chinese order in months, but traders do not expect a significant recovery in Chinese demand for US soybeans, given China’s recent large purchases from South America.
Soybean futures traded in Chicago this week rose to a 15-month high, recovering from a recent five-year low on hopes of a US-China trade deal.
The main US soybean export season typically runs from October to January. But this year, China has stopped buying from the US fall harvest due to lingering bilateral trade tensions, switching to imports from South American suppliers.
China, which accounts for more than 60% of global soybean imports, has almost completed soybean purchases from Brazil and Argentina through November 2025, and is expected to make only limited purchases in December and January, before Brazil begins its new harvest. U.S. soybeans, which have traded at a steep discount to Brazilian soybeans in recent weeks due to weak demand from China, have rallied this week.
Traders believe China will likely buy about 8 million tons of US soybeans for its strategic reserves between December 2025 and May 2026, through state-owned enterprises such as Sinograin, with a total value estimated at about $4 billion.
Source: https://vtv.vn/trung-quoc-mua-dau-tuong-my-tro-lai-100251030190936421.htm
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