The U.S. Department of Agriculture on July 8 reported the sale of 472,000 metric tons of U.S. soybeans to China, the largest single-day reported sale to the country since November 2025. The purchase includes deliveries during the 2025-26 and 2026-27 marketing years. Bloomberg also reported that China’s state-owned trading company, Cofco Corp., has booked additional U.S. soybean cargoes for shipment this fall, signaling renewed purchasing activity.
The increased buying follows recent trade discussions between the United States and China and comes as both countries continue implementing commitments under their broader trade truce. China remains one of the most important export markets for U.S. soybeans, and additional purchases help provide greater certainty for soybean farmers as they prepare for the 2026 harvest.
European Parliament Rejects Soybean Oil ILUC Proposal
The European Parliament voted to reject a delegated act that would have classified soybean oil as a high indirect land use change (ILUC) risk feedstock and phased out its contribution toward the European Union’s renewable energy targets by 2030.
In collaboration with the U.S. Soybean Export Council and the U.S. Department of Agriculture, ASA has consistently engaged on this issue, reinforcing that biofuel and sustainability policies should be science-based, data-driven, and recognize regional differences.
The vote is an important outcome for U.S. soybean farmers and the broader soy industry, helping preserve market opportunities for soybean oil while reinforcing the importance of science-based policies that recognize the sustainability of U.S. soybean production.
Source: American Soybean Association
