China’s High Demand for Soybeans Fuels Asian Hours Futures Trading

12 Jan 2021 By Paul Wightman and Cameron Liao

Soybeans are one of the world’s most important agricultural products and nowhere more so than in China. Annual imports in China have doubled over the past 10 years and were close to 100 million tonnes in marketing year 2019/2020 (source: US Department of Agriculture or USDA), accounting for 87% of total Asian soybean imports of 115 million tonnes. Asian soybean imports account for about 70% of the global soybean trade.

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