China's Soybean Production Strong, Imports to Be Cut; US Trade Improves

• China's 2025-26 soybean production forecast remains strong at 19.9 million metric tons due to increased sowing area and favorable weather.
• China plans to reduce soybean imports to 106 million metric tons in 2025-26 to decrease foreign dependence.
• A sharp decline in rapeseed imports is expected after China imposed anti-dumping duties on Canadian canola.
• Improved US-China relations led to reduced tariffs, removal of non-tariff barriers, and re-authorization of US soybean suppliers.
• Favorable weather conditions across China supported both soybean sowing and harvesting, with yields largely unaffected by heavy rains.

Why It Matters: China's strong soybean output and import cuts will reshape global trade dynamics.