USDA attache maintains China 2025/26 soybean imports at 106 million tons

Sept 26 (Reuters) - Following are selected highlights from a report issued on Friday by the U.S. Department of Agriculture's (USDA) Foreign Agricultural Service post in Beijing:

"Post raises its forecast for marketing year 25/26 soybean production slightly to 19.9 million metric tons on generally favorable weather conditions in northern China and slightly higher planted area. As of September 11, China had not made purchases of new crop U.S. soybeans and has continued to rely on South American origins. Post lowers its forecast for rapeseed imports based on anti-dumping duties on Canadian canola. Palm oil imports are also reduced as high prices have made palm oil less competitive in China’s flagging edible oil market... Post maintains its soybean import forecast at 106 MMT for MY 25/26, unchanged from the previous report. For MY 24/25, Post raises its estimate for soybean imports to 107 MMT based on export totals reported by major exporters. The relatively stable forecast for soybean imports is linked to restrained growth in crushing demand at 2% and continued efforts by Beijing to limit import growth."

To read the full report, click: https://tinyurl.com/4yxzchjc