China has avoided importing U.S. soybeans for the third consecutive month, instead increasing purchases from South America. Imports from Argentina surged by more than 600%, while Brazil remained China’s main soybean supplier. This shift shows a clear change in China’s sourcing strategy rather than a drop in overall demand.

From a trade perspective, this move reduces the U.S. share in one of its most important agricultural export markets. Lower Chinese demand puts pressure on U.S. exporters and farmers, while South American suppliers strengthen their position in global agricultural trade and long-term supply agreements.

From a logistics and supply chain standpoint, the shift is changing global shipping flows. Volumes on South America–Asia routes are increasing, adding pressure on Brazilian and Argentine ports and affecting bulk carrier deployment. At the same time, reduced demand on the U.S.–China route may impact freight rates, vessel utilization, and overall balance in the dry bulk shipping market.