Soybean Prices Pressured by Renewed US-China Trade Dispute

2025-10-14 13:57 By Dongting Liu 1 min. read

Soybean futures hovered around $10 per bushel, the lowest since early October, as renewed US-China trade tensions dampened hopes Beijing would lift its US soybean boycott.

The dispute escalated after China imposed new restrictions on rare earth exports, prompting President Donald Trump to threaten tariffs of up to 100% on additional Chinese goods.

Both countries have started charging additional port fees on shipping companies as of Tuesday, further straining trade relations.

Meanwhile, US Treasury Secretary Scott Besant confirmed that Trump and Chinese President Xi Jinping will meet later this month in South Korea.

Adding to market pressure, Brazil, the US’s largest soybean competitor, is on track for a record 177.64 million-tonne harvest in 2025/26, with exports potentially exceeding 112 million tonnes as US shipments decline, according to Conab.

In China, soybean imports hit 12.9 million tonnes in September, the second-highest on record, largely supplied by South American exporters.



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