• The US and China may agree on increased Chinese purchases of US grains and meat at the summit, but analysts do not expect a significant rise in soybean imports.
  • China has reduced its dependence on US soybeans; in 2024, about 20% of Chinese soybean imports came from the US, down from 41% in 2016.
  • Markets anticipate possible new contracts for corn, sorghum, wheat, beef, and poultry.
  • China is committed to buying 25 million tons of US soybeans annually by 2028 under last year’s agreement.

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