The latest news indicates that after the first shipment of soybean meal from Argentina to China was diverted to Southeast Asia due to quality inspection issues, global grain giant Bunge recently chartered a bulk carrier to ship another cargo of Argentine soybean meal to China.
Data indicates that due to the Sino-US trade tariff issue, some Chinese soybean meal buyers began seeking new import channels from Argentina, purchasing three batches of Argentine soybean meal totaling 90,000 tons. Although the first shipment of soybean meal was ultimately diverted to Vietnam due to quality inspection issues en route to China, it demonstrated the feasibility of importing soybean meal from Argentina.
If the second and third shipments of soybean meal can be successfully shipped to China, the import channel for Argentine soybean meal will be rapidly opened.
Notably, due to the delay in reaching a deal on Sino-US trade tariffs, soybean futures on the Chicago Board of Trade fell on Monday after hitting a two-month high last week. This was due to industry insiders losing confidence that Chinese buyers would purchase US soybeans.
However, with exports to China hindered, US soybeans are also leveraging the tariff issue to seek new export markets. The latest news indicates that Pakistan plans to import 1.1 million tons of US soybeans to alleviate the bilateral trade deficit.
In the European market, the EU and Ukraine are also discussing a new trade agreement to limit the impact of Ukrainian agricultural exports on EU agriculture.
Data shows that after the outbreak of the Russia-Ukraine conflict, the EU, in an effort to strengthen support for Ukraine, temporarily expanded imports of Ukrainian agricultural products, but this resulted in losses for farmers in some EU countries. Starting in June of this year, the EU began to reinstate tariffs and quotas on Ukrainian agricultural imports, immediately impacting Ukrainian grain exports. Data shows that from June to July 2025, Ukrainian grain exports fell 30% year-on-year, while the EU's import share fell 33%.
Meanwhile, US official sources also indicate that the EU has opened its agricultural import market to the United States.
In the Asian rice market, agricultural cooperatives across Japan have significantly increased advance payments for new rice purchases. In particular, the Niigata Prefecture agricultural cooperative increased its advance payment for new rice by approximately 70% compared to last year, to 30,000 yen per 60 kilograms. The advance payment for purchasing Koshihikari rice from Uonuma is set at 32,500 yen per 60 kilograms, or approximately 1,578 yuan.
Since agricultural cooperative advance payments are often considered a benchmark for market prices, this suggests that Japanese rice prices may rise further after this autumn.
However, the global rice market is currently facing export pressure from India.
The Thai Rice Exporters Association has warned that India's plan to release 20 million tons of rice from its reserves will depress global market prices, harming Thai farmers and causing further price drops in Thai rice next month.
It is reported that India plans to release rice reserves to make room for the new harvest. These stocks will be released to the market at only $230 per ton, with an estimated export cost of $280 to $300 per ton. Meanwhile, the export price of finished rice with a 5% broken rate in Thailand is currently $365 to $370 per ton.
Data indicates that due to the Sino-US trade tariff issue, some Chinese soybean meal buyers began seeking new import channels from Argentina, purchasing three batches of Argentine soybean meal totaling 90,000 tons. Although the first shipment of soybean meal was ultimately diverted to Vietnam due to quality inspection issues en route to China, it demonstrated the feasibility of importing soybean meal from Argentina.
If the second and third shipments of soybean meal can be successfully shipped to China, the import channel for Argentine soybean meal will be rapidly opened.
Notably, due to the delay in reaching a deal on Sino-US trade tariffs, soybean futures on the Chicago Board of Trade fell on Monday after hitting a two-month high last week. This was due to industry insiders losing confidence that Chinese buyers would purchase US soybeans.
However, with exports to China hindered, US soybeans are also leveraging the tariff issue to seek new export markets. The latest news indicates that Pakistan plans to import 1.1 million tons of US soybeans to alleviate the bilateral trade deficit.
In the European market, the EU and Ukraine are also discussing a new trade agreement to limit the impact of Ukrainian agricultural exports on EU agriculture.
Data shows that after the outbreak of the Russia-Ukraine conflict, the EU, in an effort to strengthen support for Ukraine, temporarily expanded imports of Ukrainian agricultural products, but this resulted in losses for farmers in some EU countries. Starting in June of this year, the EU began to reinstate tariffs and quotas on Ukrainian agricultural imports, immediately impacting Ukrainian grain exports. Data shows that from June to July 2025, Ukrainian grain exports fell 30% year-on-year, while the EU's import share fell 33%.
Meanwhile, US official sources also indicate that the EU has opened its agricultural import market to the United States.
In the Asian rice market, agricultural cooperatives across Japan have significantly increased advance payments for new rice purchases. In particular, the Niigata Prefecture agricultural cooperative increased its advance payment for new rice by approximately 70% compared to last year, to 30,000 yen per 60 kilograms. The advance payment for purchasing Koshihikari rice from Uonuma is set at 32,500 yen per 60 kilograms, or approximately 1,578 yuan.
Since agricultural cooperative advance payments are often considered a benchmark for market prices, this suggests that Japanese rice prices may rise further after this autumn.
However, the global rice market is currently facing export pressure from India.
The Thai Rice Exporters Association has warned that India's plan to release 20 million tons of rice from its reserves will depress global market prices, harming Thai farmers and causing further price drops in Thai rice next month.
It is reported that India plans to release rice reserves to make room for the new harvest. These stocks will be released to the market at only $230 per ton, with an estimated export cost of $280 to $300 per ton. Meanwhile, the export price of finished rice with a 5% broken rate in Thailand is currently $365 to $370 per ton.