China Steps Back, Brazil Spreads Out: Soybeans Face a New Trade Map

China’s share of Brazilian soybean exports has dropped to its lowest in three years despite record shipment volumes, causing Brazil to diversify its export markets to the EU, Middle East, Africa, and other Asian regions while China increases soybean imports from the US. This shift intensifies US-Brazil competition in global soybean markets and is likely to limit near-term soybean price increases despite strong overall demand.

This Wire brief sits within Fusion42's coverage of Foodtech.