USA : Imports of U.S. soybeans fell 18.7% year-on-year from January to June this year. According to data released by the General Administration of Customs on July 20, China’s soybean imports from the United States in June 2022 surged 13 times year-on-year, while the amount of soybeans imported from Brazil decreased by 30% year-on-year, reflecting the high soybean prices in South America, weakening the sourcing interest of Chinese buyers. China’s soybean imports totaled 8.25 million tonnes in June, down 23 percent from a year earlier. Customs data showed, reflecting high global soybean prices and weak domestic demand that dampened import demand. In the first half of this year, China imported 17.54 million tons of U.S. soybeans, down 18.7% from 21.57 million tons in the same period last year. The U.S. Department of Agriculture last week also lowered its forecast for China’s 2020/21 (October-September) soybean imports by 2 million tons, from 92 million to 90 million.
Current Market Price in China for 2020 crop soybean
| Product | Chinese Soybean |
| Type | NON-GMO |
| Color | Yellow |
| Purity | 99.5 % Min |
| NON | GMO |
| Package | 25kg Paper Bag |
| Loading | 22Tons / 20GP |
| FOB Dalian | USD 1050-1080/Mt |