China boosts purchases as Brazil hits record soybean exports in July

The Brazilian soybean market began August with a more intense pace of trading, driven by both international demand—especially from China—and increased interest from domestic crushing industries. According to data from the Center for Advanced Studies in Applied Economics (Cepea), transaction volumes have increased due to strong foreign interest and the domestic need to replenish inventories.

In July, Brazilian exports reached a record high for the month, totaling 12.25 million tonnes shipped, according to data from the Foreign Trade Secretariat (Secex) analyzed by Cepea. From January to July 2025, Brazil has already exported 77.2 million tonnes of soybeans, an all-time high for the period and a figure that further cements the country’s position as the world’s leading supplier.

Here is a historical overview of Brazilian soybean exports starting from January 2022. The chart was prepared using data from DataLiner:

Brazilian Soybean Exports | Jan 2022 – June 2025 | WTMT

Source: DataLiner (Click here to request a demo)

Chinese appetite remains a driving force in the market. In addition to securing its supply, the Asian country is capitalizing on the competitiveness of Brazilian soybeans on the global market, even amid fluctuations in the exchange rate. This dynamic reinforces Brazil’s dependence on China, which absorbs a large portion of the country’s export-oriented production.

Domestically, stronger demand from crushing plants is keeping the soybean by-products sector—such as soybean meal and oil—active. However, Cepea analysts note that the sharp appreciation of the real against the dollar in recent weeks has capped the rise in domestic prices, reducing the competitiveness of current price levels compared to highs recorded in previous years.

The exchange rate scenario is acting as a brake on domestic price appreciation, since a weaker dollar means lower returns in reais per tonne exported. This has led some producers to take a more cautious approach to sales, waiting for possible changes in the exchange rate or new opportunities for more profitable deals.

The outlook for the coming weeks suggests continued strong market activity, particularly if Chinese demand remains robust and domestic industries maintain their purchasing pace. Even so, specialists warn that exchange rate movements will continue to be a key factor in sustaining domestic prices, requiring producers and traders to remain highly attentive in their sales strategies.

Source: Agrolink

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