Chinese soybean imports in May were 305,283 Mt/d, which were up 52% from April, but down 7% from a year ago. Brazil accounted for 96% of the total, or 294,231 Mt/d, and should continue to be the largest provider until the US crop is harvested beginning in September. Argentina also provides soybeans to China, but numbers from that country don’t usually pick up until July. Even at their strongest levels, however, imports from Argentina are relatively small compared to imports from Brazil or the US.
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