
CNBC· June 23, 2026
US and Brazil Clash Over China's Massive Soybean Market
The US Soybean Export Council is aggressively promoting the quality advantages of American soybeans over Brazilian crops in an effort to regain ground in the Chinese market — the world's largest soybean importer. Years of trade tensions and tariff barriers shifted the balance, with Brazil emerging as China's dominant soy supplier and largely pushing out American farmers. The US agricultural sector is now banking on quality and supply reliability as its competitive edge. The rivalry matters not just for farmers in both countries, but also for global food supply chains and soybean futures prices on commodity exchanges. The outcome will largely depend on how the US administration's trade policy toward China evolves.