🇺🇸🇨🇳 U.S. exporters sold 334,000 tonnes of soybeans to China
On January 14, 2026, the U.S. Department of Agriculture (USDA) confirmed that private exporters sold 334,000 metric tonnes of soybeans for delivery to China. This sale is for the 2025/2026 marketing year and marks another step in China's recent wave of agricultural purchases.
Context of the Sale
This transaction is part of a broader "trade truce" and purchase commitment established in late 2025. Key details surrounding this sale include:
Progress Toward 12M Target: China reportedly pledged to buy 12 million metric tonnes of U.S. soybeans by the end of February 2026. As of mid-January, total confirmed purchases are estimated to be between 8.5 million and 10 million tonnes, meaning they are closing in on that "magical" 12-million-ton figure.
Sinograin's Role: Much of this buying is being driven by China's state stockpiler, Sinograin. These state-directed purchases often receive tariff waivers, making them more competitive than they would be for private Chinese crushers who still face a 12% tariff.
Shipping Timeline: These specific cargoes are generally scheduled for shipment between March and May 2026, which puts U.S. exports in direct competition.
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