Archive · 25 Sep 2025
China Buys Argentine Soybeans, Sidelines US Farmers
China is buying a lot more soybeans from Argentina, which is bad news for US farmers.
This is happening because Argentina temporarily got rid of taxes on soybean exports.
China usually buys soybeans from the US between October and February, but hasn't made any purchases this season.
Argentina's move is expected to help its economy.
US farmers are worried and want the US to make a deal with China.
The amount of soybeans China is buying is equivalent to more than 2.27 million tons.
Some shipments from Argentina are for next year.
China has increased soybean purchases from Argentina.
As of Sept. 11, China hadn't booked any US soybean shipments.
The Argentine purchases total at least 35 cargoes.
Argentina suspended export taxes on soybeans to boost dollar supply.
The American Soybean Association urged the US to secure a deal with China.
- Who
- China, US farmers, Argentina
- What
- China increased soybean purchases from Argentina.
- When
- As of Sept. 11
- Where
- Argentina, China, US
- Why
- Argentina suspended export taxes to boost dollar supply, shifting focus of Chinese purchases.
- China's Soybean Purchases
- At least 35 cargoes
- Soybean Origin
- Argentina
- US Soybean Bookings by China
- Zero as of Sept. 11
- Argentina's Export Tax Suspension
- Temporary for soybeans
- Argentine Soybeans, Chinese Imports
- More than 2.27 million tons