Brazil soyabean exports are poised to reach a record 102.2 million tons through end-October, surpassing annual volumes for the whole of 2024 and 2023. This record exports of Brazil soybean reflects the absence of US Soybean from the market, no doubt US soybean farmers are currently facing the biggest trade crisis in decades due to China’s ban to purchase soybeans from the US. Brazil the world’s largest producer and exporter of soybean is set to break its own record of 2023 when it exported 101.3 million tons soybean.
Brazil Soyabean Exports are Benefiting from Strong Demand in China
Apart from harvesting a record soyabean crop which is more than 170 million tons in 2025, Brazilian farmers are benefiting from strong demand in China, which has banned imports of US Soybean amidst tariff war. According to Anec data, China imported tons of Brazil Soybean in September, maintaining a historically high share of total shipping volumes out of the South American country. China notably is now dependent on Brazil and Argentina due to high soybean price after 23% import tariffs. China relies on Brazil to guarantee supplies, China fetched 79.9% of Brazil’s total soybean exports, compared to 74% between 2021 and 2024. In 2024, China’s share was 76%, Anec said. No doubt, us soybean oil futures are at risk due to China’s halt of US Soybean imports, which now the US govt. is trying to compensate with relief package for soybean farmers. US soyabean rate have fallen significantly since China has imposed a ban on purchases in 2025.