China's grain imports reached 2.35 million tons in February

China imported 2.35 million tons of grain in February According to the General Administration of Customs, China imported 2.35 million tons of grain and grain flour in February, with cumulative imports of 4.77 million tons in the first two months, up 38.7% year on year; China imported 4.26 million tons of soybeans in February, with cumulative imports of 11.14 million tons in the first two months, up 3.9% year on year; China imported 230,000 tons of edible vegetable oil in February, with cumulative imports of 690,000 tons in the first two months, down 50.9% year on year.

Reports say China will rotate 1.3-1.5 million tons of temporary reserve soybeans Media reports say China has begun rotating state reserve soybeans out of storage, with this rotation volume at 1.3-1.5 million tons. China's reserve soybeans are usually rotated at 1.5-1.8 million tons per year. The reserve selected 4 large crushing plants to sell soybeans, and these oil mills are relatively close to reserve depots. The market believes that Brazilian soybeans for August shipment will be imported to replenish the stock rotated out this time. The rotation of reserve soybeans out of storage helps offset the decline in February shipments from the United States and Brazil. Brazil shipped 2.3 million tons of soybeans to China in February, and the United States shipped about 2.2 million tons, with shipment volumes about 20% lower than the same period last year.