Foreign media: Foreign media: US President Trump called on China to increase its soybean procurement by four times, which stimulated the Chicago soybean futures price to rise 2.38% to $10.11 per bushel. However, analysts generally believe this goal is difficult to achieve.
As the world's largest soybean importer, China imported about 105 million tons of soybeans in 2024, of which less than 25% came from the United States, most from Brazil. To achieve a fourfold purchase, China would almost have to shift most of its soybeans from Brazil to the United States. However, experts point out that China has not even purchased U.S. soybeans for the fourth quarter this year, instead choosing Argentine soybeans to reduce costs and avoid supply risks.
Original article: www.toutiao.com/article/1840147137124355/
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