International Soybean Market

25-Apr-2025 08:16 AM

International Soybean Market
As part of trade negotiations, Japan is considering increasing its purchases of U.S. soybeans to compensate for some of the demand lost to China. For reference, Japan annually imports about 3 to 3.5 MMT of soybeans, with historical U.S. shipments ranging from 2.1 to 2.6 MMT.
According to this morning’s Export Sales report, old crop soybean sales for the week ending April 17 totaled 277,012 MT, which was on the lower end of expectations (200,000 to 600,000 MT). This marked a 50.1% decline from the previous week, but a 31.3% increase compared to the same week a year ago. Mexico was the largest buyer with 87,800 MT, followed by the Netherlands with 65,800 MT.
Sales for the 2025/26 marketing year showed a net reduction of just 120 MT.
During the same week, soybean meal sales were reported at 176,178 MT, near the lower end of the estimated range of 150,000 to 400,000 MT. Soybean oil bookings totaled 12,380 MT, within the estimated range of 5,000 to 35,000 MT.