Trade Relations & Economic Impact - US soybean farmers are facing significant financial strain due to declining prices and high input costs [1] - The US soybean industry warns of severe economic consequences if China continues to bypass US soybeans [1] - In 2023-2024, China purchased 54% of US soybean exports, valued at $132 billion [1] - A shift to Brazilian soybeans by China could result in billions of dollars in losses for US soybean farmers [1] Import Data Analysis - China's soybean imports from Brazil in June reached 10620 thousand tons, accounting for 866% of total imports, a 92% increase year-over-year from 9720 thousand tons [1] - China's soybean imports from the US in June totaled 1580 thousand tons, representing 129% of total imports, a 206% increase year-over-year from 1310 thousand tons [1]
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外汇交易员·2025-08-20 06:37