China's Growing Soybean Imports Have Curtailed Rest of World's Imports The most important factor impacting the global soybean market in recent years has been China's seemingly insatiable demand. China's soybean imports have grown from 0.795 MMT in MY 1995/96 to 59 MMT in MY 2012/13 and are forecasted by USDA to increase to 69 MMT in MY 2013/14. USDA is forecasting that China will import 66 percent of all soybeans exported by all countries in MY 2013/14.It is also worth noting that China's soybean imports grew by 9.162 MMT from MY 2009/10 to MY 2012/13 when world imports grew by only 7.979 MMT. That means China's rising soybean imports have caused other countries or regions to import less because global stocks were tight. The reality is...

TAGS – Soy & Oilseeds, Biofuels, Energy, Asia, North America