巴西大豆涨价失算！坐地起价后200万吨大豆滞销，中国3张牌反制

Core Viewpoint - Brazil's attempt to raise soybean prices has led to a significant shift in China's soybean sourcing strategy, resulting in a 1.3 million ton order being redirected to Argentina instead of Brazil [3][4][6]. Group 1: China's Import Diversification Strategy - China has established a mature "import diversification" strategy, adhering to the principle of "one country as the main source, multiple countries as supplements" [4][10]. - The recent increase in soybean imports from Argentina, which doubled to 4.1 million tons this year, highlights the effectiveness of this strategy [6]. Group 2: Response to Brazil's Price Increase - Brazil's price hike has prompted China to cease purchasing high-priced Brazilian soybeans, demonstrating a strategic pivot to alternative suppliers [4][10]. - In just 48 hours after Argentina announced the cancellation of export taxes, Chinese buyers secured a soybean order of 1.3 million tons [6]. Group 3: Domestic Production and Reserves - China's domestic soybean production remains stable at over 20 million tons annually, ensuring a basic supply of protein and providing a buffer against external market fluctuations [14][16]. - The establishment of a nationwide grain reserve system acts as a safety net, allowing China to manage supply shortages effectively [16][17]. Group 4: Technological Innovations in Feed - A technological revolution named "reduction of soybean meal" is being promoted across China, aiming to decrease the reliance on soybean meal in animal feed by substituting it with other protein sources [21][23]. - This initiative not only addresses immediate price concerns but also aligns with long-term national policy goals [21][23].