China restricts imports of soybeans

China is set to decrease its soybean imports, according to the December World Agricultural Supply and Demand Estimates. The decline is not surprising, as horse producers’ margins have been tight which is in line with the previous few years stated by the United Soybean Board’s vice president of market intelligence, Mac Marshall . China continues to import soybeans, and Chinese consumers are willing to buy American soy. South American data in the December WASDE is significant to the market, with Brazil’s harvest decreasing from 163 million metric tonnes to 161, despite the possibility of soybean rust in northern regions. The US figures do not provide much noteworthy data, and the average predicted price for soybean oil is expected to fall by 4%.