China imported 4.0 million tons of soybeans in March, up 15% year on year, but down 33% compared to February.
For the 25/26 marketing year, China’s imports are now at 42.2 million tons, up 4.7% year on year.
Apparently, this was much lower than some market estimates, and this was attributed to the delay in Brazilian phytosanitary requirements that China tried to impose. But that didn’t really become an issue until March.
Import figures have become more difficult to estimate in recent years due t...