China imported 7.9 MMT of soybeans in July, down 4.5% from June and 9.1% less than last year, as weak crush margins reduced demand from importers. Through the first seven months of this year, China imports 54.2 MMT of soybeans, down 5.9% from the same period last year.
China posts record trade surplus in July... China’s trade surplus surged to a record high of $101.3 billion in July, driven by an 18.0% jump in exports while imports rose 2.3%. For the first seven months of the year, China had a trade surplus of $482.3 billion. China’s trade surplus with the U.S. ticked up to $41.5 billion in July from June’s $41.4 level.