By Naveen Thukral and Ella Cao

SINGAPORE/BEIJING (Reuters) -China’s soybean importers are boosting purchases from Argentina and Uruguay over the next year to fill the supply gap left by the absence of U.S. shipments as the trade war drags on between Washington and Beijing, according to two trade sources.

Chinese processors may buy up to 10 million metric tons of soybeans from the two South American exporters during the 2025/26 marketing year ending next August, which would be a record, said the sources, a Singapore-based trader at an international company which sells soybeans to China and a second person who trades soybeans for China.

They have already booked 2.43 million tons from Argentina and Uruguay for shipment from September to May next year, the sources said.

From September 2024

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