According to data from the General Administration of Customs on January 14th, China imported 10.864 million tons of grain in December 2025; From January to December, the cumulative import volume was 140.563 million tons, a year-on-year decrease of 10.8%.

China's grain imports decreased by 10.8%, and the decline in corn imports may lead to tight domestic supply and push up spot prices. Based on corn futures data, such as the closing price of the main contract 2603 at 2,272 RMB/ton, which has slightly declined recently, but the decrease in imports indicates future demand support, which is favorable for the upward trend of futures prices.

China's grain imports decreased by 10.8%, and the decline in soybean imports will increase domestic supply pressure, which is favorable for spot prices. The analysis focuses on the impact of the spot market, with import contraction supporting price strength.

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