Soybean prices fell 3% in the past week, according to S&P Global Capital IQ data, in response to the risk of China cutting imports from the U.S. following recently implemented steel and aluminum tariffs. That risk would rise if broader “section 301” tariffs regarding Chinese IP practices are implemented by President Trump. U.S. soybean imports are already in decline, dropping 23% in January on a year earlier due to a 31% slide in shipments to China. Buyers in China may struggle to replace U.S. imports though. Brazil already provided 53% of the total imported vs. America’s 35%. Fu...
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