China completes purchase of 12 million tons of U.S. soybeans

China has finalized its purchase of 12 million metric tons of American soybeans. The move fulfills a trade truce pledge and signals a major trade shift.

Insights:
China CNCNhas completed its purchase of approximately 12 million metric tons of soybeans from the US USUSas of late January 2026. This transaction fulfills a volume pledge made after the late-October 2025 trade truce between the leaders of both nations. The event marks a significant restart after Chinarecorded zero imports from the USfor four consecutive months starting in September 2025. During that trade dispute, the USmarket share in Chinafell from 21 percent in 2024 to 15 percent.
A load of soybeans is dumped into an elevator hopper during harvest season at the Deerfield AG Services grain elevator facility in Massillon, Ohio, U.S., October 7, 2021. REUTERS/Dane Rhys/File Photo
A load of soybeans is dumped into an elevator hopper during harvest season at the Deerfield AG Services grain elevator facility in Massillon, Ohio, U.S., October 7, 2021. REUTERS/Dane Rhys/File Photo
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